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Which of the following is NOT one of the four basic GAAP principles? Group of answer choices Deciding which information to disclose should be based
Which of the following is NOT one of the four basic GAAP principles? Group of answer choices
Deciding which information to disclose should be based on a trade-off analysis.
Revenue should be recorded when realized or realizable and when cash is received.
Expenses should be recognized when the product it is associated with generates recognized revenue.
Assets and liabilities should be reported based on acquisition cost.
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