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True or False? 1. Generally accepted accounting principles require that any assessment of a firm's...

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Accounting

True or False?

1. Generally accepted accounting principles require that any assessment of a firm's financial statements be performed by independent outside auditors.

2.Investment bankers are in the business of underwriting securities. They profit from purchasing the new stock offering of a corporation at a discount, and then selling those shares of stock to the public at the market price.

3. Congress prohibited discrimination against people with physical disabilities when they enacted the Americans with Disabilities Act. This is an example of common law.

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