What are Generally Accepted Accounting Principles?

a) Minimum requirements for becoming a CPA.
b) Regulations companies must follow in order to be publicly traded.
c) The concepts and rules that govern financial accounting practice.
d) Regulations designed to promote strong ethical conduct.

Ans: c) The concepts and rules that govern financial accounting practice.

Business

You might also like to view...

The IT driven globalization is itself driving constant productivity gains

Indicate whether the statement is true or false

Business

The type of buyer-supplier relationship in which buyers and sellers make many relationship-specific adaptations, but without necessarily achieving strong trust or cooperation is termed as ________

A) customer is king B) mutually adaptive C) collaborative D) contractual transaction E) customer supply

Business