Which One of the Following Is the Authoritative Body in the United

question 130

Multiple Choice

Which one of the following is the authoritative body in the United States having the primary responsibility for developing accounting principles?

• A) FASB
• B) IRS
• C) SEC
• D) AICPA

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Definitions:

Plantation Owners

Individuals who owned large agricultural estates typically in the Americas, often worked by enslaved people, especially in the context of crops like tobacco and cotton.

Southern Territories

Geographic regions located in the southern part of a country or continent, which may have distinct cultural, political, or historical significance.

James Tallmadge

A U.S. politician known for proposing an amendment to limit the spread of slavery in Missouri during its admission to the Union.