Which of the Following Was the First Private-Sector Entity That

question 70

Multiple Choice

Which of the following was the first private-sector entity that set accounting standards in the United States?

• A) Accounting Principles Board.
• B) Committee on Accounting Procedure.
• C) Financial Accounting Standards Board.
• D) AICPA.

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Definitions:

Independent Nations

Nations that govern themselves, having sovereignty and control over their own territory and government without external domination.

Superpower

A dominant state with the ability to exert its influence on a global scale through economic, military, technological, and cultural strength.

Bill Clinton

The 42nd President of the United States (1993–2001), known for economic prosperity during his tenure and significant political events including his impeachment in 1998 but acquittal by the Senate.

Republican Victory

A situation or event in which candidates or propositions supported by the Republican Party win elections or achieve desired outcomes.