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:

Full Siblings

Individuals who share both biological parents, having a full genetic overlap of 50% on average from each parent.

Genetics

The branch of biology that deals with the study of genes, genetic variation, and heredity in organisms.

Birth Order

The order in which a person is born into their family, which is theorized to influence their personality and behavior.

Contrast Effect

The enhancement or diminishment of perception or judgment by the presence of a comparatively stronger or weaker stimulus.