Question
Which of the following statements is incorrect? a. Under GAAP, it is necessary to make certain estimates. b. Under GAAP, all assets are marked to
Which of the following statements is incorrect?
a. Under GAAP, it is necessary to make certain estimates.
b. Under GAAP, all assets are marked to market each accounting period.
c. Under GAAP, statements are prepared using accrual accounting.
d. Annual statements submitted to the SEC (10-K) must be prepared using GAAP.
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
