Which Organization Is Responsible for Promulgating U.S. GAAP

question 61

Multiple Choice

Which organization is responsible for promulgating U.S. GAAP?

• A) Financial Accounting Standards Board
• B) Public Company Accounting Oversight Board
• C) International Accounting Standards Board
• D) Securities and Exchange Commission

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Definitions:

Hydrocarbons

Organic compounds consisting entirely of hydrogen and carbon, found in fossil fuels and used as a primary energy source and raw material in chemical manufacturing.

Suspended Particles

Tiny solid or liquid particles that are suspended in air or water, which can be harmful to human health and the environment when inhaled or ingested.

Pollutants

Substances introduced into the environment that cause harm or discomfort to the ecosystem or living organisms, including chemicals, waste materials, and noise.

Foam Insulation

A type of building insulation that is made from various types of foam and is used to reduce heat transfer.