1. It is during this time where Corporations were established and the factory system was used to create products . 2. An ancient law that requires merchants to give buyers a sealed memorandum containing the agreed price ( in the present times this is the BIR Code) is called 3. This is an organization whose main function is to establish and improve accounting standards that will be GAAP. This group is 4. A branch in accounting that concern with the preparation and publish of complete financial statements to intended users is called

1. It is during this time where Corporations were established and the factory system was used to create products . 2. An ancient law that requires merchants to give buyers a sealed memorandum containing the agreed price ( in the present times this is the BIR Code) is called 3. This is an organization whose main function is to establish and improve accounting standards that will be GAAP. This group is 4. A branch in accounting that concern with the preparation and publish of complete financial statements to intended users is called

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 6MC: The standards, procedures, and principles companies must follow when preparing their financial...

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