Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
Question
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Chapter 1, Problem 1C

1.

To determine

Explain the term “accounting principles” as per the audit report.

2.

To determine

Prepare a memo to brief the president, how an accounting principle become generally accepted.

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