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The Garden Spot, based in the U.S., is preparing its management books to analyze why their landscape plant portfolio is suffering a loss. Which of

The Garden Spot, based in the U.S., is preparing its management books to analyze why their landscape plant portfolio is suffering a loss. Which of the following should direct the preparation of The Garden Spot's management books?

Tax authority, the Internal Revenue Service

International Financial Reporting Standards (IFRS)

U.S. Generally Accepted Accounting Principles (GAAP)

No specific requirements/guidelines

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