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1. Development of accounting rules.

1. Development of accounting rules.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 7MC: These are used by the FASB, and it is a set of concepts that guide financial reporting. A. Financial...
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LINE Explain the following: TEINE 1. Development of accounting rules. 2. How Generally Accepted Accounting Practices are utilized in financial statement preparation.
Transcribed Image Text:LINE Explain the following: TEINE 1. Development of accounting rules. 2. How Generally Accepted Accounting Practices are utilized in financial statement preparation.
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