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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1148 |
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There is not a specific set of rules that accountants must specifically adhere to. Although there are generally accepted principals of accounting, "different accountants may reach different but often equally legitimate conclusions about how to account for a particular transaction" (Marshall et al, 2004, p...
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27). Due to the lack of a strict code, this gray area of assumptions in accounting enabled the manipulation of financial statements as in the Enron and WorldCom scandals, and created much scrutiny of accounting practices
The Securities and Exchange Commission (SEC), created by the Securities Act of 1933 and the Securities Exchange Act of 1934, initially had the authority in the establishment of accounting principles...
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The Story of the Stone (also known as The Dream of Red Mansions, The Dream of the Red Chamber, etc.) is generally accepted as China's greatest novel. What are its most outstanding qualities as literature?
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