Why must accounting reports be prepared according to specific procedures (GAAP)? Should we allow businesses some flexibility

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Why must accounting reports be prepared according to specific procedures

(GAAP)? Should we allow businesses some flexibility or creativity in preparing financial statements? Why or why not?

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Understanding Business The Core

ISBN: 9781259869297

1st Edition

Authors: William Nickels

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Question Posted: Jul 25, 2024 04:01 AM

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Why must accounting reports be prepared according to specific procedures (GAAP)? Should we allow businesses some flexibility

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Understanding Business The Core

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