Generally accepted accounting principles are: a. the guidelines used to resolve ethical dilemmas. b. established by the

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Generally accepted accounting principles are:

a. the guidelines used to resolve ethical dilemmas.

b. established by the Internal Revenue Service.

c. are primarily established by the Financial Accounting Standards Board and the Securities Exchange Commission.

d. immutable truths derived from the laws of nature.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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