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Which of the following is not a potential cause of management bias? O Many lending agreements and contracts require that certain financial benchmarks must be
Which of the following is not a potential cause of management bias? O Many lending agreements and contracts require that certain financial benchmarks must be met. O Managers are often compensated based on the company's net income or share value. O Financial statement users must exercise significant professional judgement in interpretation of financial information. O Financial statements provide information to users about management stewardship Standards and interpretations are issued by the O ASB. O FASB O ACSB O All of the above. The most authoritative primary source of GAAP for private companies in Canada is O accounting guidelines. O industry practices. O CPA Canada Handbook O professional judgement. The term GAAP means O generally accepted auditing practices. O generally accepted accounting purposes. O generally accepted accounting principles. O generally accepted accounting practices. The essential characteristic(s) of accounting is (are) O communication of economic information to external parties. O identification and measurement of financial information only. O communication of financial information to interested internal parties only. O identification, measurement, and communication of financial information
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