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The GAAP Oval best represents: The philosophy that earnings management within limits is ethical The fact that only one true earnings number exists The fact
The GAAP Oval best represents:
The philosophy that earnings management within limits is ethical
The fact that only one true earnings number exists
The fact that GAAP is not subject to interpretation
The flexibility managers have within GAAP to report one earnings number from among many possibilities
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
