GAAP stands forO a. Generally Accepted Accounting PoliciesO b. Generally Accepted Auditing PoliciesO c. Generally Accepted Auditing PrinciplesO d. Generally Accepted Accounting Principles

Correct answer D. GENERALLY ACCEPTED ACCOUNTING PRINCIPLE

Answered: GAAP stands for

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 7MC: These are used by the FASB, and it is a set of concepts that guide financial reporting. A. Financial...

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