“Generally accepted accounting principles” refers to any generally recognized consensus or substantial authoritative support regarding all of the following, EXCEPT:
A. Which economic resources and obligations should be recorded as assets and liabilities
B. Which changes in assets and liabilities should be recorded
C. How the assets and liabilities and changes in them should be measured
D. What information should not be disclosed and how it should be disclosed
E. Which financial statements should be prepared
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The Answer is: D
Citation: 19 CFR 152.102 (c) (1) (iv)
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