QUESTION 1 Uniform set of principles that accountants use when developing accounting documents. O Generally Accepted Accounting Principles (GAAP) Uniform Accounting Procedures (UAP) United States Accounting Guidelines (USAG) None of the above QUESTION 2 The O Income Statement Balance sheet Cash flow statement Budget gives a "snapshot" of how business looks at a single point in time. QUESTION 3 Because financial documents are constructed according to generally accepted accounting principles, managers who can read one set of these documents should find it easy to follow those of any other firm. True False