Which of the following groups has the primary responsibility for establishing generally accepted accounting principles for business entities in the United States?

A. U.S. Congress
B. Financial Accounting Standards Board
C. Securities and Exchange Commission
D. International Accounting Standards Board


Answer: B

Business

You might also like to view...

A local race car driver who displays advertising on the car is involved in:

A) sponsorship marketing B) event marketing C) mobile marketing D) cause-related marketing

Business

Firms communicate the results of their business activities in the _____

a. annual report to shareholders b. weekly press releases c. monthly press releases d. annual press releases e. annual income tax returns

Business

To prepare yourself mentally for a meeting,

a. practice looking confident and interested. b. review the agenda. c. find a quiet place to relax for five minutes before the meeting begins. d. none of these choices.

Business

A wholesaler that takes title to products and resells them is called a ____________________ wholesaler.

Fill in the blank(s) with the appropriate word(s).

Business