Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 1 - Financial Accounting and Accounting Standards - Concepts for Analysis - Instructions - Page 24: CA1-2(2)

Answer

False

Work Step by Step

Any company claiming compliance with GAAP needs to comply with all standards, including disclosure requirements.
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