The Primary Accounting Standard-Setting Body in the United States Is

question 186

True/False

The primary accounting standard-setting body in the United States is the Securities and Exchange Commission.

---

Definitions:

Right of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something before the owner is entitled to enter into that transaction with a third party.

Share Certificate

A physical document issued by a company that certifies ownership of a specific number of shares or stock in that company.

Shareholder

An individual or entity that owns shares in a corporation, holding a portion of the company's stock and potentially influencing its governance.

Model Nonprofit Corporation Act

A standardized legislative framework designed to provide guidelines for the formation, operation, and governance of nonprofit organizations.