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Which of the following describes the purpose of the generally accepted accounting principles (GAAP)? ...

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Accounting

Which of the following describes the purpose of the generally accepted accounting principles (GAAP)?
provide the necessary data to the firm's bookkeepers
certify the accuracy of a firm's financial statements
illustrate the difference between financial and managerial accounting
provide for more consistency in the reporting practices of businesses
comply with the laws and regulations of the federal government
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