Through the establishment of a set of generally accepted accounting principles (GAAP), the Financial Accounting Standards Board (FASB) aims to ensure that financial statements are:
A) flexible.
B) inexplicit.
C) comparable.
D) incongruent.

Question

Quizplus · Accepted Answer

The FASB establishes GAAP to ensure that financial statements are comparable, allowing users to consistently evaluate financial information across different organizations.

Through the Establishment of a Set of Generally Accepted Accounting