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Statements that are used to communicate a business's financial informa-on Need to be presented clearly so they can be easily understood In the U.S. they
Statements that are used to communicate a business's financial informa-on
Need to be presented clearly so they can be easily understood
In the U.S. they are prepared using a set of principles called Generally Accepted Accounting Principles (GAAP) Generally Accepted Accounting Principles
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