Generally Accepted Accounting Principles (GAAP)are Best Defined As

question 126

Multiple Choice

Generally Accepted Accounting Principles (GAAP) are best defined as:

• A)Standards or methods for presenting financial accounting information.
• B)Government-mandated rules that companies must follow.
• C)Rules that best estimate profitability for a company.
• D)The group of individuals that create and enforce all accounting rules.

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Definitions:

Physiologist

A scientist who studies the normal functions and mechanisms of living organisms and their parts.

Classical Conditioning

A teaching technique that pairs two stimuli together repeatedly, so that a response initially elicited by the second stimulus is later elicited by the first stimulus alone.

Dog Trainer

A professional who applies behavior analysis to teach, train, or assist dogs to obey commands or undertake specific tasks.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior conditioning.