Regulatory accounting principles are important to those outside the regulatory agencies because:
A. GAAP may allow reporting for assets and liabilities consistent with the way in which regulators establish rates.
B. regulatory accounting principles are not compatible with GAAP.
C. GAAP does not allow reporting for assets and liabilities consistent with the way in which regulators establish rates.
D. the SEC requires them.
Answer: A
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Transaction exposure or risk is a risk the customer may never take.
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Fill in the blank(s) with the appropriate word(s).