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Dovator [93]
4 years ago
6

Unlike Generally Accepted Accounting Principles (GAAP) for accountants, there are not principles, standards, concepts, or values

common to business ethics.A. TrueB. False
Business
1 answer:
sergeinik [125]4 years ago
8 0

<u>Answer: </u>

Unlike Generally Accepted Accounting Principles (GAAP) for accountants, there are not principles, standards, concepts, or values common to business ethics is a FALSE statement.

<u>Explanation: </u>

  • The GAAP has a wide range of applications owing to the unanimous addition of functions to the discipline of accountancy.
  • Other than GAAP, certain countries and businesses follow the accounting methods given by 'other comprehensive basis of accounting' (OSBOA).
  • Some businesses choose to follow both at once, while the majority choose to follow either of them.
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