The Garden Spot, based in the U$.$S$.,$ is preparing its management books to analyze why their landscape plant

$1$ point

portfolio is suffering a loss. Which of the following should direct the preparation of The Garden Spot's management books?

U$.$S$.$ Generally Accepted Accounting Principles $($GAAP$)$

No specific requirements$/$guidelines

International Financial Reporting Standards $($IFRS$)$

Tax authority, the Internal Revenue Service