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    Principles of Accounting Study Set 1
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    Exam 1: Accounting Principles and the Financial Statements
  5. Question
    Generally Accepted Accounting Principles
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Generally Accepted Accounting Principles

Question 160

Question 160

Multiple Choice

Generally accepted accounting principles


A) are changing continually.
B) are sound in theory but rarely used in practice.
C) have eliminated all weaknesses in accounting practice.
D) are accounting rules formulated by the Internal Revenue Service.

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