Complete the Following Using the Terms Listed Below

question 46

Multiple Choice

Complete the following using the terms listed below.
-______ is primarily responsible for evaluating, setting, or modifying the generally accepted accounting principles.

• A)Chartered Professional Accountant
• B)International Financial Reporting Standards
• C)Asset
• D)Liability
• E)owners' equity
• F)accounting equation
• G)balance sheet
• H)income statement
• I)Corruption of Foreign Public Officials Act
• J)accrual accounting
• K)open book management
• L)Budget
• M)GAAP
• N)AcSB
• O)profitability ratio
• P)International Accounting Standards Committee
• Q)liquidity ratios
• R)budget

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Definitions:

Diverge

To move or extend in different directions from a common point; to differ in opinion, character, or form.

Phonetic Alphabet

A set of symbols or codes used to represent the sounds of spoken language, facilitating accurate communication, especially in noisy environments or over radio.

Cherokee Language

A Southern Iroquoian language spoken by the Cherokee people, notable for its unique writing system, the Cherokee syllabary, invented by Sequoyah.

Sequoyah

A Native American silversmith and scholar known for creating the Cherokee syllabary, a writing system for the Cherokee language.