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PART I -- MULTIPLE CHOICE (54 points) Instructions: Designate the best answer for each of the following questions. "GAAP" refers to a. General Accounting and Auditing Principles. B. Guidelines for American Accounting Procedures. C. General association of accounting practitioners.
PART I -- MULTIPLE CHOICE (54 points) Instructions: Designate the best answer for each of the following questions. "GAAP" refers to a. General Accounting and Auditing Principles. B. Guidelin…