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Question: answer the following questions related to GAAP. 1: What are generally accepted accounting principles? 2: What are the sources of these principles? 3: Is

Question: answer the following questions related to GAAP.

1: What are generally accepted accounting principles?

2: What are the sources of these principles?

3: Is there a list of these principles?

4: What type of financial reports are prepared using these principles?

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