Generally accepted accounting principles (GAAP) refers to - 4728

Solution Posted by
UoPExpert

UoPExpert

Rating : (2)F
Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Thu 29 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Generally accepted accounting principles (GAAP) refers to 

A. the extent to which something can be sold for cash quickly and easily without loss of value. 

B. the length of an asset’s life when it is issued. 

C. a technical accounting term that encompasses the conventions, rules, and procedures necessary to define accepted accounting practice at a particular time. 

D. a report issued annually by a firm that includes, at a minimum, an income statement, a balance sheet, a statement of cash flows, and accompanying notes. 

 
Solution Description

Generally accepted accounting principles (GAAP) refers to

A. the extent to which something can be sold