GAAP Refers to a Set of Standards Concerning Accounting Principles

question 307

True/False

GAAP refers to a set of standards concerning accounting principles that were established by the Financial Accounting Standards Board.

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Definitions:

Thank You

A polite expression of gratitude.

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The act of protecting something from harm or loss, ensuring its preservation and security.

Additional Copy

A duplicate or extra version of a document, file, or item, created as a backup or for distribution to additional recipients.

Outlook

A personal information manager software system from Microsoft, primarily used as an email application.