Question: Question 8 (1 point) Generally accepted accounting principles (GAAP) are authoritative pronouncements that define what constitutes acceptable accounting practice for financial reporting. GAAP today is

Question 8 (1 point) Generally accepted accounting principles (GAAP) are authoritative pronouncements that define what constitutes acceptable accounting practice for financial reporting. GAAP today is set by: O A) AICPA - the American Institute of Certified Public Accountants OB) FASB - Federal Accounting Standards Board, an agency of the federal government. 0 C) FASB - Financial Accounting Standards Board, a private standard setting organizations. OD) SEC - the Securities and Exchange Commission

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