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Question 1 The body of rules that govern financial accounting are: a. the cash method of accounting b. Generally Accepted Accounting Principles (GAAP) c. the

Question 1

  1. The body of rules that govern financial accounting are:

    a.

    the cash method of accounting

    b.

    Generally Accepted Accounting Principles (GAAP)

    c.

    the accrual method of accounting

    d.

    audited financial statements

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