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    Fundamentals of Financial Accounting Study Set 2
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    Exam 3: The Income Statement
  5. Question
    GAAP (Generally Accepted Accounting Principles)requires the Use of Accrual Basis
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GAAP (Generally Accepted Accounting Principles)requires the Use of Accrual Basis

Question 7

Question 7

True/False

GAAP (Generally Accepted Accounting Principles)requires the use of accrual basis of accounting for external financial reporting purposes.

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