Which of the Following Is Not True of Accounting Principles

question 43

Multiple Choice

Which of the following is not true of accounting principles?

• A) Financial accountants follow generally accepted accounting principles (GAAP).
• B) Following GAAP allows accounting information users to compare one company to another.
• C) A new accounting principle can be adopted with stockholders' approval.
• D) The Financial Accounting Standards Board (FASB) has primary responsibility for developing accounting principles.

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Definitions:

Cell-Mediated Immunity

A type of immunity where T lymphocytes directly attack and destroy infected or abnormal cells.

Red Bone Marrow

A type of marrow found in some bones that produces red blood cells, white blood cells, and platelets.

Antibody-Mediated Immunity

A aspect of the immune response where B cells produce antibodies that are specific to antigens of pathogens, leading to their neutralization or destruction.

Cell-Mediated Immunity

An immune response that does not involve antibodies but rather involves the activation of phagocytes, antigen-specific cytotoxic T-lymphocytes, and the release of various cytokines in response to an antigen.