Financial statements are presented in a particular format and contain certain data items as dictated by which of the following?
A) Industry standards
B) Generally accepted accounting principles
C) The organization's accounting policies
D) All of the above

Question

Quizplus · Accepted Answer

Financial statements are influenced by industry standards, generally accepted accounting principles (GAAP), and the organization's own accounting policies, all of which dictate the format and the data items included in the financial statements.

Financial Statements Are Presented in a Particular Format and Contain