Intermediate Accounting 16E Binder Ready Version With Wiley Plus Blackboard
Intermediate Accounting 16E Binder Ready Version With Wiley Plus Blackboard
16th Edition
ISBN: 9781119231561
Author: Kieso
Publisher: John Wiley
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Chapter 1, Problem 22Q
To determine

Generally accepted accounting principles (GAAP): A set of accounting principles, practices and regulations that companies follow to prepare or make a financial statement for a specific period of time are termed as generally accepted accounting principles. This improves the intelligibility of communication of monetary information of the company.

To determine the economic significances and political domination of GAAP.

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