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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 6: The Challenges of Accounting: Standards, Internal Control, Audits, Fraud, and Ethics
  5. Question
    US GAAP Uses the Cost Principle and Is Less Conservative
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US GAAP Uses the Cost Principle and Is Less Conservative

Question 68

Question 68

True/False

US GAAP uses the cost principle and is less conservative than international standards.

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