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What is the purpose of GAAP in the accounting cycle? Is it possible to deviate from GAAP and still prepare financial statements?
What is the purpose of GAAP in the accounting cycle? Is it possible to deviate from GAAP and still prepare financial statements?
What is the purpose of GAAP in the accounting cycle? Is it possible to deviate from GAAP andstill prepare financial statements?Solution:Purpose of GAAP is to establish the accounting policies,...