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Explain the purpose of Generally Accepted Accounting Principles (GAAP), including the organization currently responsible for the creation and governance of these standards.

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Explain the purpose of Generally Accepted Accounting Principles (GAAP), including the organization currently responsible for the creation and governance of these standards. Different countries have their own accounting standards. Do you think that accounting standards should be standardized internationally or do you think different countries should have control to decide their own accounting standards? The […]

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