Which of the Following Was Established in 1973 to Promote

question 74

Multiple Choice

Which of the following was established in 1973 to promote worldwide consistency in financial reporting practices?

• A)FASB
• B)IASC
• C)The World Bank
• D)GAAP

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's earnings.

U.S. Companies

Businesses that are incorporated, operate, or have their primary base of operations within the United States.

Dividend-Payout Stock

NO. However, the concept closely resembles dividend-paying stocks, which are shares in a company that return a portion of the company's earnings to shareholders at regular intervals.

Transactions Costs

Expenses incurred during the purchase or sale of goods and services, which may include commissions, fees, and other charges.