Which of the following best illustrates a function of generally accepted accounting principles?
a. Supplying domestic Company B with International Accounting Standards Board (IASB) requirements
b. Supplying private Company B with International Accounting Standards Board (IASB) requirements
c. Supplying domestic, publicly traded Company B with guidance in preparing financial statements
d. Supplying private Company B with guidance in preparing financial statements
Answer: d. Supplying private Company B with guidance in preparing financial statements
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