The IRS developed GAAP,or generally accepted accounting principles,for the accounting profession.
Correct Answer:
Verified
Q3: _ have more detailed rules than _.
A)IFRS;
Q4: It requires more judgment to use _
Q5: Revenue minus expenses equals net income.
Q6: S.generally accepted accounting principles (GAAP)are determined by
Q7: Which of the following statements is TRUE?
A)The
Q9: Gross profit equals _.
A)sales minus cost of
Q10: The Financial Accounting Standards Board sets international
Q11: Busy Beaver had revenues of $2,000,cost of
Q12: Busy Beaver had revenues of $2,000,cost of
Q13: Revenue minus expenses equals gross profit.
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