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  • GAAP has a reputation to standardize accounting practice across the world. #221
  • Basic Accounting Principles are #222
  • The principles that stipulate that Economic activity is measured in U.S. dollars, and only transactions that can be expressed in U.S. dollars are recorded. #223
  • … principles assumes that it is possible to report the complex and ongoing activities of a business in relatively short, distinct time intervals. #224
  • … principle assumes that a company will continue to exist long enough to carry out its objectives #225
  • … principles proffers that information should be disclosed within the statement or in the notes to the statement #226
  • … principle requires companies to use the accrual basis of accounting. #227
  • The process of analyzing financial statements involves the rearranging, comparing and measuring #228
  • Which principle helps the accountant to break a tie. #229
  • Which of this is phase or stage in financial statement analysis framework? #230
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