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Define and describe GAAP?  

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minesh | Student, Undergraduate | eNotes Newbie

Posted March 4, 2012 at 3:55 PM via web

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Define and describe GAAP?


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sweetgiggles | Student, Grade 10 | (Level 1) Salutatorian

Posted March 4, 2012 at 8:01 PM (Answer #1)

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Generally Accepted Accounting Principles. A widely accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financial Accounting Standards Board.

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