Answer:
A. The set of commonly used accounting standards in the U.S.
Explanation:
Generally Accepted Accounting Principles (GAAP) can be defined as the set of commonly used accounting standards in the U.S.
This ultimately implies that, the United States of America, Generally Accepted Accounting Principles (GAAP) is the accounting principles, procedures and standard issued by the Financial Accounting Standards Board (FASB) and adopted by the United States of America, Securities and Exchange Commission (SEC).
Hence, when accountants prepare and compile financial statements for public firms, it must be in line with United States of America, Generally Accepted Accounting Principles (GAAP).
The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
Is this quote from a play or something?
Answer:
When you fail at something, it let's you determine what you strengths are and what you still need to work on. Failure can get you ready for similar instances in the future, because at that point you will have already learn from your mistakes. Also, if you fail enough times, you response to failure will change from sad and disappointed to eager and ready to learn from it.
Explanation:
Answer:
it's B I'm pretty sure :)
