Which of the Following Organizations Is Responsible for the Creation

question 117

Multiple Choice

Which of the following organizations is responsible for the creation and governance of accounting standards in the United States?

• A) Financial Accounting Standards Board
• B) Institute of Management Accountants
• C) American Institute of Certified Public Accountants
• D) Securities and Exchange Commission

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Definitions:

Derived

In programming, refers to a class that inherits properties and behaviors from another class, known as the base or parent class.

Class Secret

In object-oriented programming, a 'Class Secret' refers to the principle that a class should encapsulate and hide its internal data and operations from other classes, exposing only what is necessary through its interface.

Legal In Java

A phrase referring to syntax, operations, or constructs that are valid and acceptable in Java programming language.

Abstract Class

An abstract class in object-oriented programming is a class that cannot be instantiated and is often used as a base class for other classes.