A characteristic of generally accepted accounting principles includes:

Business

1 answer:

77julia77 [94]3 years ago

4 0

Answer:

The correct answer is letter "C": a common set of standards and principles.

Explanation:

The Generally Accepted Accounting Principles (GAAP) are a compilation of <em>official rules, standards, and procedures to be used by publicly traded companies</em> to prepare their financial statements. GAAP standards define how businesses record and report their financial data, and are used in accounting practices to ensure consistency and precision.

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