Which of the Following Organizations Has Legal Authority to Prescribe

question 48

Multiple Choice

Which of the following organizations has legal authority to prescribe accounting principles and reporting practices for all corporations issuing publicly traded securities within the U.S. capital markets?

• A) Accounting Principles Board
• B) Securities and Exchange Commission
• C) Financial Accounting Standards Board
• D) Committee on Accounting Procedure

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Definitions:

Gender Stereotype

Preconceived ideas whereby females and males are arbitrarily assigned characteristics and roles determined and limited by their gender.

Weak

Lacking physical strength, power, or vigor; also can refer to lacking strength of character or influence.

Playground

A designated area, often outdoor, equipped for children to play in, typically with recreational equipment such as slides and swings.

Recess

A break period during the school day allowing students time for rest, play, and physical activity outside the classroom.