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What are the two main sets of standards acceptable under Generally Accepted Accounting Principles (GAAP) in Canada? Which one would you use as a small business? Why?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 6MC: The standards, procedures, and principles companies must follow when preparing their financial...

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