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Financial Accounting

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Application of Generally Accepted Accounting Principles (GAAP)

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Generally Accepted Accounting Principles (GAAP) are the rules that govern financial accounting and reporting in the United States (U.S.) GAAP applies to all of the following EXCEPT:

A

Balance Sheet

B

Management Discussion and Analysis (MD&A)

C

Notes to the Financial Statements

D

Statement of Cash Flows

E

Income Statement

F

Statement of Shareholders Equity