Should legitimate business in the US follow GAAP principles for financial record keeping and tax purposes? Yes or No? Some business owners say it is expensive and time consuming. Choose either YES or NO then support your answer in 1-2 paragraphs 150 words. Then reply to 2 fellow students' reply.

This assignment is an indirect student learning outcome assignment where you need to, "Demonstrate critical persuasion of a current business issue through a written position paper." Be firm in your YES or No stance and support your viewpoint after reading chapter assignment is to support your viewpoint as gleaned from your reading and based on your experience.