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Which of the following statements about GAAP is not true? a. GAAP is a standard set of principles and assumptions that allows for the comparison
Which of the following statements about GAAP is not true? a. GAAP is a standard set of principles and assumptions that allows for the comparison of financial performance. O b. GAAP is the principles and assumptions that the management of a company uses to record and report its financial information. OC. GAAP impacts how companies report and what they report. d. GAAP allows a company's management to record and report data as it sees fit. 4
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