Question: Paper of approximately seven hundred words with reference citations covering the following:
1) Identify and describe the sources of generally accepted accounting principles. Identify the source hierarchy and explain why the hierarchy is important.
2) Describe effective accounting information using the qualities of accounting information from your readings.
3) Describe how an accrual based accounting system is different from a cash basis of accounting.
4) Describe the types of business structures and the defining features of each.
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