What is the responsibility of FASB?
What will be an ideal response?
?FASB is responsible for identifying financial issues, conducting the necessary research to address the issues, and leading to preliminary views, hearings, and an exposure draft open to comments through a multi-stage process used to issue new accounting guidance.
You might also like to view...
Which of the following statements about immigration is FALSE?
a. Social scientists argue that for a country with low overall birthrate, the combined flow of legal and illegal immigration can spur economic growth. b. The Immigration Act of 1986 increased the quotas of immigrants significantly, and attempted to decrease illegal immigration from Mexico. c. Anti-immigration sentiments have declined significantly since passage of the Act of 1986. d. Citizens of immigrant-receiving states like California and Arizona harbor negative feelings about the economic and social competitions they will face from immigrants. e. None of the above.
The number of Americans being diagnose annually with HIV/AIDS has ______ since the early 1980s when it emerged in the United States.
A. tripled B. doubled C. stayed the same D. declined significantly
Today, computer networks and email offer additional opportunities for workers to enhance or degrade their work culture
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of market patriotism?
A. a manufacturing company profiting off a military contract B. citizen-consumers spending money to stimulate the economy after a disaster C. individuals saving money to invest in educational credentials D. a government asking its citizens to join the military during war