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Question 9 Generally Accepted Accounting Principles (GAAP) govern how accountants: . Measure and communicate financial information. . Establish principles only for proprietorships. OC. Prepare only

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Question 9 Generally Accepted Accounting Principles (GAAP) govern how accountants: . Measure and communicate financial information. . Establish principles only for proprietorships. OC. Prepare only the income statement sections. Op. Develop financial statements only for corporations. Present financial statement for partnerships only. OE

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