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Author Question: The set of rules that a U.S. company must follow when preparing its financial statements is called ... (Read 89 times)

bb

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  • Posts: 544
on: Jul 5, 2018
The set of rules that a U.S. company must follow when preparing its financial statements is called ________.
 
  A) AICPA
  B) FASB
  C) GAAP
  D) SOX

Question 2

When companies use a perpetual inventory system, the recording of the purchase of inventory will include a debit to Purchases.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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ms_sulzle

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

False


bb

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  • Posts: 544
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

Missbam101

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  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

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