The statement which describes a positive impact of GAAP is: A. Accounting practices are transparent and consistent.
GAAP is an abbreviation for Generally Accepted Accounting Principles and it comprises the accounting standards, procedures and principles that must be used by all public institutions operating in the United States of America.
This ultimately implies that, the Generally Accepted Accounting Principles (GAAP) has a positive impact because it ensure all accounting practices in the United States of America are both transparent and consistent.
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