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FAR Section - CPA Exam > F1 - Development-Stage Enterprises (U.S. GAAP) > Flashcards

F1 - Development-Stage Enterprises (U.S. GAAP) Flashcards

1
Q

How should expenses of a start-up be treated?

A

Expensed immediately

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2
Q

How do financial statements of a start-up vary?

A

More disclosures and usually include cumulative amounts from inception

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FAR Section - CPA Exam (45 decks)

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