What are the objectives of generally accepted

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1. Why should caution be exercised in the use of the income figure derived in an income statement? What are the objectives of generally accepted accounting principles in their application to the income statement? 

Reference no: EM131104427

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What are the objectives of generally accepted : Why should caution be exercised in the use of the income figure derived in an income statement? What are the objectives of generally accepted accounting principles in their application to the income statement?
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