The Acronym GAAP Stands For

question 38

Multiple Choice

The acronym GAAP stands for:

• A) generally acceptable authorized pronouncements.
• B) government authorized accountant principles.
• C) generally accepted accounting principles.
• D) government audited accounting pronouncements.

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Definitions:

Appeal

The process of requesting a higher court to review and change the decision of a lower court.

Special Benefits

Exclusive advantages or privileges granted to a specific group, individual, or organization, often not available to others.

Government

is the organization or system through which a society or community is governed, typically involving the establishment and enforcement of public policies and laws.

Special-Interest Groups

Organizations or collectives that advocate for specific causes, policies, or objectives, often seeking to influence public policy and opinion.