In order to ensure they are meaningful and useful, financial statements should be prepared
A)on a daily basis.
B)in accordance with section 108 of the Sarbanes-Oxley Act.
C)using generally accepting accounting principles (GAAP).
D)on a timely basis.

Question

Quizplus · Accepted Answer

Financial statements should be prepared using generally accepted accounting principles (GAAP) to ensure they are consistent, comparable, and reliable for users.

In Order to Ensure They Are Meaningful and Useful, Financial