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-Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not? -How can
-Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not?
-How can a misstatement in one financial statement, whether intentional or not, affect a presentation in another financial statement?
-Give an example of an error that occurs on one of the financial statements and the error flows through to a different financial statement.
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