Question 4 4 points Save Answer Which of the following does not describe GAAP

Question: Question 4 4 points Save Answer Which of the following does not describe GAAP correctly? GAAP principles are established for the lodging industry. GAAP are imposed on companies so that investors have a minimum level of consistency in the financial statements they use when analyzing companies for investment purposes. Financial Accounting Standard Board
Show transcribed image textAns) GAAP are imposed on companies so that investors have…View the full answerTranscribed image text: Question 4 4 points Save Answer Which of the following does not describe GAAP correctly? GAAP principles are established for the lodging industry. GAAP are imposed on companies so that investors have a minimum level of consistency in the financial statements they use when analyzing companies for investment purposes. Financial Accounting Standard Board establishes the GAAP. Matching principle, revenue recognition principle, and full disclosure principle are examples of GAAP.