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CA 1-3 (Financial Reporting and Accounting Standards)
CA 1-3 (Financial Reporting and Accounting Standards)
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CA 1-3 (Financial Reporting and Accounting Standards)
- Exam (elaborations) • 2 pages • 2021
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CA 1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions. 1. GAAP stands for: (d) generally accepted accounting principles. 2. Accounting standard-setters use the following process in establishing accounting standards: (d) Research, discussion paper, exposure draft, standard. 3. GAAP is comprised of: (c) FASB standards, interpretations, EITF consensuses, and accounting rules issued by FASB predecessor organizations. 4. The a...
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