Fire destroys resources at the corporate headquarters of an organization.This is an example of violation of generally accepted accounting principles.

Name: Fire destroys resources at the corporate headquarters of an organization.This is an example of violation of generally accepted accounting principles.
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The destruction of resources due to fire is not a violation of generally accepted accounting principles. It is considered a loss which should be properly accounted for in the financial statements.

Fire Destroys Resources at the Corporate Headquarters of an Organization