Lucille, an accountant, is subject to the accounting conventions, rules, and procedures that constitute generally accepted accounting principles (GAAP). GAAP are determined by
A. the International Accounting Standards Board.
B. the American Bar Association.
C. the American Institute of Certified Public Accountants.
D. the Financial Accounting Standards Board.
Answer: D
You might also like to view...
Which of the following is an incorrect assumption about ‘strong’ organizational culture?
a. Strong culture means everyone in the organization shares and is committed to the organizations norms b. Organizations with strong cultures will always outperform other organizations c. Strong culture can lead to organizational problems like groupthink d. Both a and b
A tenancy at will cannot be created by implication
Indicate whether the statement is true or false
________ refers to the maintenance or administration of what is just, especially by the impartial adjustment of conflicting claims or the assignment of merited rewards or punishments.
A. Positive discipline B. Prejudice C. Justice D. Just cause
State laws regulating genetically modified food are typically declared unconstitutional on the basis that they are preempted by federal law
a. True b. False Indicate whether the statement is true or false