The Statements of Financial Accounting Standards,and Other Authoritative Pronouncements That

question 58

Multiple Choice

The statements of financial accounting standards,and other authoritative pronouncements that define what constitutes acceptable accounting practice for financial reporting are collectively referred to as:

• A)SFAS
• B)FASB
• C)SEC
• D)GAAP

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Definitions:

Bit Torrent

A communication protocol for peer-to-peer file sharing which is used to distribute data and electronic files over the internet.

Internet Layer

The Internet Layer is a component of the IP suite that provides the functional and procedural means of transferring variable length data sequences from a source to a destination host via one or more networks.

TCP/IP

Transmission Control Protocol/Internet Protocol, the fundamental suite of protocols that supports the Internet and most local area networks.

Client/server Computing

A model of computing where a client requests services and resources from a centrally located server, facilitating centralized resource management and operations.