Types of Accounting Video Lessons

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Problem: The accounting standards and concepts used in the preparation of financial statements are called: a. Certified principles of accounting (CPA). b. Generally accepted accounting principles (GAAP) c. Financial accounting standards and boundaries (FASB). d. Standards enforcing consistency (SEC).

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Problem Details

The accounting standards and concepts used in the preparation of financial statements are called:

a. Certified principles of accounting (CPA).

b. Generally accepted accounting principles (GAAP)

c. Financial accounting standards and boundaries (FASB).

d. Standards enforcing consistency (SEC).

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