Match the Letter of Each Phrase with the Appropriate Definition

question 15

Multiple Choice

Match the letter of each phrase with the appropriate definition.
-Issued by the Accounting Standards Division of the AICPA to influence the development of accounting standards.

• A)Generally Accepted Accounting Principles (GAAP)
• B)Securities and Exchange Commission (SEC)
• C)American Institute of Certified Public Accountants (AICPA)
• D)Accounting Principles Board (APB)
• E)Financial Accounting Standards Board (FASB)
• F)Statements of Financial Standards (SFAS)
• G)Discussion Memorandum (DM)
• H)Statements of Position (SOP)
• I)Emerging Issues Task Force (EITF)
• J)Financial Reporting Releases (FRRs)
• K)The Public Company Accounting Oversight Board (PCAOB)

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Definitions:

Familiar Faces

Recognition of and preference for faces that one has been exposed to previously or frequently.

Recognize

The ability to identify or acknowledge someone or something as previously known or familiar, based on memory or prior exposure.

Halo Effect

A tendency to assume that people with one positive attribute (e.g., who are physically attractive) also have other positive traits.

Social Perceivers'

Individuals involved in the process of interpreting others' behaviors, motives, and intentions within social contexts.