Which of the Following Organizations Is Primarily Responsible for Establishing

question 20

Multiple Choice

Which of the following organizations is primarily responsible for establishing GAAP in the United States?

• A)Securities Exchange Commission (SEC)
• B)Financial Accounting Standards Board (FASB)
• C)International Accounting Standards Board (IASB)
• D)Internal Revenue Service (IRS)

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Definitions:

Roller Bearings

Bearings that use cylindrical rollers as rolling elements, offering reduced friction between rotating components.

Tapered Roller Bearings

Bearings that can support significant axial and radial loads; they use conical rollers guided by a back-face rib on the cone.

Radial

Pertaining to directions or movements that extend outward from a central point or axis, commonly used in describing mechanical parts or forces.

Thrust Loads

Forces applied parallel to the axis of a bearing, shaft, or axle, pushing against its lengthwise direction.