While generally accepted accounting principles do allow flexibility, standards of _________, ________, and ________ must always prevail in the financial statements
a. subjectivity; integrity; validation
b. objectivity; integrity; judgment
c. recording; reporting; accounting
d. quality; excellence; and judgment
b
FEEDBACK: a. Incorrect.
b. Correct. Standards of integrity, objectivity, and judgment must always prevail.
c. Incorrect.
d. Incorrect.
Business
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Indicate whether the statement is true or false
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