Financial statement compliant with gaap

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Reference no: EM13488905

Question

Identify the four financial statements and the information they provide. Discuss the guidance Generally Accepted Accounting Principles (GAAP) provide concerning the information reported in financial statements and how GAAP assists in ensuring the objective of accounting is achieved. Explain whether users of financial statements should exercise caution when interpreting financial statement compliant with GAAP.

Reference no: EM13488905

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