The Group That Attempts to Create More Harmony Among the Accounting

question 162

Multiple Choice

The group that attempts to create more harmony among the accounting practices of different countries is the:

• A) AICPA.
• B) IASB.
• C) CAP.
• D) SEC.
• E) FASB.

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Definitions:

Order Instrument

A financial document or security that is payable to a specific person or entity and requires endorsement for transfer.

Transferred

Refers to the act of moving ownership, possession, or rights of an asset from one party to another.

Negotiated

The process of trying to reach an agreement through discussion and compromise on terms of a contract, price, or other business arrangements.

Holder

In the context of financial instruments, a person in possession of a bill of exchange, check, or note that is payable to him or to bearer.