Question 33 (3 points) Why did the AICPA create the Accounting Principles Board? a) The SEC disbanded the previous standard setting organization b) The previous standard setting organization did not provide a structured set of accounting principles cl No such organization existed in the past d) None of the answer choices are corre Question 34 (3 points) Which organization was responsible for issuing Accounting Research Bulletins? a) The Accounting Principles Board. b) The Committee on Accounting Procedure. c) The SEC d) The FASB. Question 35 (3 points) Characteristics of generally accepted accounting principles include all of the following except O authoritative accounting that the rule-making body has established as a principle of reporting b) standards are considered useful by the profession Od each principle is approved by the SEC. d) practice has become universally accepted over time. estion 36 (3 points) What is the purpose bf Emerging Issues Task Force? a) Provide interpretation of existing standards. b) Provide a consensus on how to account for new and unusual financial transactions c) Provide interpretive guidance. d) Provide timely guidance on select issues