The set of standards, assumptions, and concepts that form the "ground rules" for financial reporting in the United States is termed: Select one: a. The conceptual framework. b. Generally accepted accounting principles. c. Statements of Financial Accounting Concepts. d. American standards for certified public accountants.

The set of standards, assumptions, and concepts that form the "ground rules" for financial reporting in the United States is termed: Select one: a. The conceptual framework. b. Generally accepted accounting principles. c. Statements of Financial Accounting Concepts. d. American standards for certified public accountants.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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