No provisions exist for meeting the first reporting standard when a company uses a comprehensive basis of accounting other than GAAP.

Name: No provisions exist for meeting the first reporting standard when a company uses a comprehensive basis of accounting other than GAAP.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Non-GAAP financial measures can be reconciled to the closest GAAP measure, allowing companies to meet reporting standards while using a comprehensive basis of accounting other than GAAP.

No Provisions Exist for Meeting the First Reporting Standard When