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  3. Study Set
    Financial Management Principles and Applications Study Set 2
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    Exam 3: Understanding Financial Statements, Taxes, and Cash Flows
  5. Question
    Generally Accepted Accounting Principles (GAAP) Require Companies to Smooth Earnings
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Generally Accepted Accounting Principles (GAAP) Require Companies to Smooth Earnings

Question 66

Question 66

True/False

Generally Accepted Accounting Principles (GAAP) require companies to smooth earnings by shifting some profits from good years to bad years.

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