The Committee on Accounting Procedures (CAP) Was Immediately Succeeded By

question 59

Multiple Choice

The Committee on Accounting Procedures (CAP) was immediately succeeded by:

• A)the Financial Accounting Standards Board (FASB).
• B)the Accounting Principles Board (APB).
• C)the Accounting Research Board (ARB).
• D)the Financial Accounting Foundation (FAF).

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Definitions:

Difference

The state or quality of being unlike or distinct in nature, form, or characteristics.

Wall of Separation

A principle referring to the division between church and state, ensuring that religious institutions and government operate independently of each other.

Jefferson

Thomas Jefferson, a Founding Father of the United States, the principal author of the Declaration of Independence, and the third President of the United States.

Educational System

The organized institution or aggregate of institutions that aim to provide education and learning environments for students.