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    Intermediate Accounting Study Set 1
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    Exam 2: Conceptual Framework Underlying Financial Reporting
  5. Question
    Principles-Based GAAP Is Sometimes Criticized for Being
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Principles-Based GAAP Is Sometimes Criticized for Being

Question 73

Question 73

Multiple Choice

Principles-based GAAP is sometimes criticized for being


A) too inflexible.
B) too flexible.
C) too inconsistent.
D) too difficult for the reader to understand.

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