"Generally accepted" in the phrase generally accepted accounting - 11060

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Request Description

"Generally accepted" in the phrase generally accepted accounting principles means that the principles __________.

 

A.   have been approved for use by the managements of business firms

 

B.   have been approved by the Internal Revenue Service 

 

 

 

C.   have substantial authoritative support

 

 

 

D.   are proven theories of accounting 

 

 

Solution Description

"Generally accepted" in the phrase generally accepted accounting principles means that the principles _____