Which of the Following Is an Independent Entity Comprising 15

question 4

Multiple Choice

Which of the following is an independent entity comprising 15 members and a full-time professional staff that specifies acceptable accounting principles known as IFRS?

• A) FASB
• B) IASB
• C) SEC
• D) GAAP

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Definitions:

Hedging Sentence

A type of statement that introduces uncertainty or lessens the impact of an assertion, often used to mitigate risk in communication.

Forecasting

The process of making predictions about future events or trends based on historical data and analysis.

Adverbs

Words that modify verbs, adjectives, or other adverbs, typically expressing manner, place, time, frequency, degree, level of certainty, etc.

Concise

Expressing or covering much in few words; brief in form but comprehensive in scope.