Generally Accepted Accounting Principles Are Intended to Assist Accountants in Preparing

Multiple Choice

Generally accepted accounting principles are intended to assist accountants in preparing financial statements that:

A) Are relevant,verifiable,comparable,and understandable.
B) Show the business to be both solvent and profitable.
C) Comply with all income tax rules and regulations.
D) Are ideally suited to the specific needs of each user of the financial statements.