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Business, 10.05.2021 20:20 GamerGirl15
ach of the following statements concerning compilation of financial statements on certain prescribed forms is correct, except A prescribed form is any standard preprinted form designed by the body to which it will be submitted. A prescribed form cannot depart from generally accepted accounting principles or fail to include all required disclosures. The information required by a prescribed form is presumed to be sufficient to meet the needs of the body that designed it. A form designed by the entity whose financial statements are being compiled is not considered to be a
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