Through the generally accepted accounting principles (GAAP), the Financial Accounting Standards Board (FASB) aims to ensure that financial statements are _____.
A) comprehensive, exhaustive, extensive, and independent
B) relevant, reliable, consistent, and comparable
C) cursory, intensive, unabridged, and superficial
D) circumstantial, inferential, presumptive, and provisional
Question 2
The form of business organization that experiences double taxation is the
A) partnership.
B) corporation.
C) venture company.
D) syndicated partnership.
E) sole proprietorship.
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