The legal authority to set accounting standards lies with the:
A) Financial Accounting Standards Board.
B) Accounting Principles Board.
C) Securities and Exchange Commission.
D) American Institute of Certified Public Accountants.
Answer: C
A) Financial Accounting Standards Board.
B) Accounting Principles Board.
C) Securities and Exchange Commission.
D) American Institute of Certified Public Accountants.
Answer: C
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