Which of the Following Is Not a Part of the FASAB

question 59

Multiple Choice

Which of the following is not a part of the FASAB due process for establishing a federal financial accounting standard?

• A) Public comment on a discussion memorandum.
• B) Issuing an exposure draft.
• C) Unanimous approval by the FASAB.
• D) Support (or lack of opposition) of the standard by the three principals (Comptroller General, Secretary of the Treasury, and Director of the Office of Management and Budget).

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Definitions:

Fructose

A simple sugar found in many plants that is sweeter than glucose and used in various foods and beverages.

Sorghum

A grain that serves as both food and fodder, known for its drought tolerance and nutritional value.

Nutrient-Rich Foods

Foods that contain high levels of vitamins, minerals, and other beneficial substances with relatively few calories.

Vitamins

Organic compounds that are essential in small amounts for maintaining normal metabolism and health.