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Rosana Parker has prepared the financial statements of the company Estrella Galatick S.A. In these, her assets are valued at their historical cost, less accumulated
Rosana Parker has prepared the financial statements of the company Estrella Galatick S.A. In these, her assets are valued at their historical cost, less accumulated depreciation. Does this financial statement presentation comply with generally accepted accounting principles, GAAP? Can an auditing firm evaluate these financial statements and issue an unmodified opinion?
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