Question: define these terms using these definitionsCost principle 8 . GAAP 9 . Faithful representation 1 0 . SEC 1 1 . FASB a . oversees

define these terms using these definitionsCost principle
8.
GAAP
9.
Faithful representation
10.
SEC
11.
FASB
a.
oversees the creation and governance of accounting standards in the United States
b.
requires an organization to be a separate economic unit
c.
oversees U.S. financial markets
d.
states that acquired assets and services should be recorded at their actual cost
e.
creates International Financial Reporting Standards
f.
the main U.S. accounting rule book
g.
assumes that an entity will remain in operation for the foreseeable future
h.
assumes that items on the financial statements are recorded in a monetary unit
i.
requires information to be complete, neutral, and free from material error

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