The Organization(s) Primarily Responsible for Establishing Generally Accepted Accounting Principles $\begin{array}{lrr} \underline{\text { FASB }} & \underline{\text { SEC }}\\\end{array}$

question 224

Short Answer

The organization(s) primarily responsible for establishing generally accepted accounting principles is(are) the $\begin{array}{lrr} \underline{\text { FASB }} & \underline{\text { SEC }}\\\end{array}$
A) $\begin{array}{lrr} \text { no } && \text { no } &\\\end{array}$

B) $\begin{array}{lrr} \text { yes } && \text { no } &\\\end{array}$

C) $\begin{array}{lrr} \text {no } &&& \text { no } &\\\end{array}$

D) $\begin{array}{lrr} \text {yes } && \text { yes} &\\\end{array}$

• A)\(\begin{array}{lrr}
• \text { no } && \text { no } &\\
• \end{array}\)
• B)\(\begin{array}{lrr}
• \text { yes } && \text { no } &\\
• \end{array}\)
• C)\(\begin{array}{lrr}
• \text {no } &&& \text { no } &\\
• \end{array}\)
• D)\(\begin{array}{lrr}
• \text {yes } && \text { yes} &\\
• \end{array}\)

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Definitions:

Emotions

Complex psychological states that involve physiological, cognitive, and behavioral reactions to situations deemed significant.

Interactional Unfairness

Interactional Unfairness refers to the perception of unfair treatment by individuals based on how interpersonal interactions are conducted, rather than the outcomes of those interactions.

Co-workers

Individuals who share the same workplace and are possibly involved in the same projects or tasks but do not necessarily hold the same position or rank.

Fair Outcomes

Equitable and impartial results or conclusions in a given situation, ensuring justice and equality.