Term
Which of the following was established by the federal government to help develop and standardize financial information presented to stockholders?
A. AICPA
B. FASB
C. GASB
D. SEC
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Definition
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Term
Which of the following publications is not considered a GAAP document?
A. Statements of Finanical standards issued by the FASB.
B. Accounting interpretations issued by the FASB
C. APB Opinions
D. Accounting research studies issued by the AICPA |
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Definition
D. Accounting Research Studies issued by the AICPA |
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Term
Which of the following would result if there was not set of generally accepted and universally practiced accounting standards?
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Definition
All of these answers choices are correct. |
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Term
| What represents a form of communication through financial reporting but not through financial statements? |
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Definition
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Term
What is the objective of financial reporting?
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Definition
| Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors. |
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