You have started a new company that has three separate departments and employs over 50 people....

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Accounting

You have started a new company that has three separatedepartments and employs over 50 people. You must set up anaccounting system that meets your business needs, but is alsolegally sound. You realize some of the reports you want must beFinancial Accounting Standards Board (FASB) compliant, while youhave flexibility in how other reports can be structured. Match theappropriate financial document with either a Financial AccountingStandards Board report (FASB) or Flexible Internal Report.

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Report as per FASB Guideline Assume company relates to Software startup company with 50 headcount Company has to maintain following accounting documents reports as per FASB Should follow Generally Accepted Accounting Principles Presentation of    See Answer
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You have started a new company that has three separatedepartments and employs over 50 people. You must set up anaccounting system that meets your business needs, but is alsolegally sound. You realize some of the reports you want must beFinancial Accounting Standards Board (FASB) compliant, while youhave flexibility in how other reports can be structured. Match theappropriate financial document with either a Financial AccountingStandards Board report (FASB) or Flexible Internal Report.

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