Generally Accepted Accounting Principles are standards that indicate how to report economic events. income tax regulations...

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Generally Accepted Accounting Principles are standards that indicate how to report economic events. income tax regulations...

Generally Accepted Accounting Principles are

standards that indicate how to report economic events.

income tax regulations of the Internal Revenue Service.

theories that are based on physical laws of the universe.

principles that have been proven correct by academic researchers.

business accounting

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Answer 1

Answer #1

Solution:

Generally Accepted Accounting Principles are "standards that indicate how to report economic events".

Hence, first option is correct.

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Answer 2

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