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  3. Study Set
    Fundamentals of Financial Accounting Study Set 3
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    Exam 13: Measuring and Evaluating Financial Performance
  5. Question
    Companies May Deviate from General Accounting Practices by Using Industry
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Companies May Deviate from General Accounting Practices by Using Industry

Question 3

Question 3

True/False

Companies may deviate from general accounting practices by using industry specific procedures when these procedures are better suited to their industry.
BT: Knowledge

Correct Answer:

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