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I can feel that someone is making a GAAP principles mistake
I heard you were having trouble with your GAAP principles
You must state your assets, liabilities, and equity investments with their ORIGINAL purchasing cost
I see you are breaking accounting principle #1: the cost principle
Oh thank you sir I didn't know!
Someone else is breaking a GAAP principle
I'm in a hurry but I must tell you that you wouldn't be missing information if you followed the objectivity principle! Your transactions must be recorded from source documents!
Thank you Mr. Accountibility, I'll record from source documents from now on
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