Which of the Following Groups Has the Primary Responsibility for Establishing

question 57

Multiple Choice

Which of the following groups has the primary responsibility for establishing generally accepted accounting principles for business entities in the United States?

• A)Securities and Exchange Commission
• B)U.S.Congress
• C)International Accounting Standards Board
• D)Financial Accounting Standards Board

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Definitions:

Hindu Castes

A traditional system of hierarchical social stratification in Hindu society, dividing people into categories based on inherited status and profession.

Parallel Cousins

The children of a father's brother or a mother's sister, considered in some cultures to be nearly as closely related as siblings.

Cross-Cousins

The children of one's parent's sibling of the opposite gender, considered as potential marriage partners in some cultures.

Descent Cousins

Cousins who are part of the same family lineage or bloodline, emphasizing the connection through common ancestors.