Which of the Following Bodies Has the Ultimate Authority to Issue

question 10

Multiple Choice

Which of the following bodies has the ultimate authority to issue accounting pronouncements in the United States?

• A) Securities and Exchange Commission
• B) Financial Accounting Standards Board
• C) International Accounting Standards Committee
• D) Internal Revenue Service

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Definitions:

Asymmetrical Shape

A shape that does not have both halves exactly the same when divided by a common axis, showing a lack of symmetry.

Cranial Nerve

One of the twelve nerves that emerge directly from the brain, not the spinal cord, and primarily serve the head and neck regions with various functions like sensation and movement.

Clench Teeth

involves forcefully pressing the upper and lower teeth together, often as a physical response to stress or to stabilize the jaw.

Trigeminal

Pertaining to the trigeminal nerve, which is the fifth cranial nerve responsible for sensation in the face and motor functions such as biting and chewing.