"Generally accepted" in the phrase generally accepted accounting principles - 9702

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"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 m