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The Advantage to the User of Financial Accounting Statements That

Question 51

Multiple Choice

The advantage to the user of financial accounting statements that are audited by independent certified public accountants is assurance that the


A) statements are produced in accordance with generally accepted accounting principles.
B) company will be solvent for at least one more year.
C) company cannot remain profitable for more than 2 to 3 years.
D) company pays its fair share of income taxes.

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