The independent, nonprofit organization that sets financial accounting and reporting standards for both public- and private-sector businesses
Question:
The independent, nonprofit organization that sets financial accounting and reporting standards for both public- and private-sector businesses that use generally accepted accounting principles (GAAP) in the United States is which of the following?
A. Financial Accounting Standards Board (FASB)
B. Generally accepted accounting principles (GAAP)
C. Securities and Exchange Commission (SEC)
D. Conceptual framework
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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