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Author Question: Which of the following statements about Generally Accepted Accounting Principles (GAAP) is NOT ... (Read 91 times)

kshipps

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on: Jul 11, 2018
Which of the following statements about Generally Accepted Accounting Principles (GAAP) is
  NOT true?
 
  A) GAAP is a set of rule-based accounting standards established by the Financial Accounting
  Standards Board (FASB).
  B) GAAP is complex, providing more than 150 pronouncements as to how to account for
  different types of transactions.
  C) GAAP sets out the standards, conventions, and rules that accountants must follow when
  preparing audited financial statements.
  D) All of the statements above are true.

Question 2

Which of the following statements about various types of surety bonds is true?
 
  A) A judicial bond guarantees that a public official will faithfully perform his or her duties for the protection of the public.
  B) A payment bond guarantees that the bonded person will appear in court.
  C) A license and permit bond guarantees that the bonded party will comply with all the laws and regulations governing his or her activities.
  D) A bid bond guarantees that the principal will complete a construction project on time.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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jonathanballen97

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Reply #1 on: Jul 11, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kshipps

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  • Posts: 571
Reply 2 on: Jul 11, 2018
Excellent

helenmarkerine

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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