Generally, the financial statements of U.S. companies must be prepared based on GAAP.

Name: Generally, the financial statements of U.S. companies must be prepared based on GAAP.
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Generally, the financial statements of U.S. companies must be prepared based on Generally Accepted Accounting Principles (GAAP), which are a set of accounting standards and principles that companies must follow when preparing their financial statements.

Generally, the Financial Statements of U