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Accounting Principles: What They Are and How GAAP and IFRS Work
Accounting principles are the rules and guidelines that companies must follow when reporting financial data.
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SOLVED: I have amazon company.A. Analyze the income statement for any potential risk factorsand compliance issues with Generally Accepted Accounting Principles(GAAP) or International Financial Recording Standards (IFRS).B. Analyze the risk factors and compliance issues with GAAP orIFRS on the balance sheet.C. Using the internal control, analyze the cash and revenue forpotential risk factors. 1. What risks need to be documented? 2. Howdoes this information compare to the company or industry avera
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