GAAP principles determine the rules for how a company can issue stock to raise money.

Name: GAAP principles determine the rules for how a company can issue stock to raise money.
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Question

Quizplus · Accepted Answer

GAAP (Generally Accepted Accounting Principles) does not specifically determine the rules for how a company can issue stock to raise money. Instead, this is governed by securities laws and regulations set by the Securities and Exchange Commission (SEC) and other regulatory bodies.

GAAP Principles Determine the Rules for How a Company Can