Since External Users of Financial Statements Have No Way to Verify

question 104

Multiple Choice

Since external users of financial statements have no way to verify the reported information

• A)They cannot make informed decisions from financial information.
• B)FASB provides consequences to companies who distribute False - managerial accounting reports to outsiders.
• C)GAAP provides a level of protection or assurance that the reports will follow certain standards.
• D)None of these ans choices are correct.

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