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The Statements of Financial Accounting Standards that automatically become generally accepted accounting principles are issued by A)the IRS, B)the SEC, C)the FASB, D)the AICPA
c.FASB
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User: The matching principle requires that all known costs be charged to the current period of operations. True or False

User: The matching principle requires that all known costs be charged to the current period of operations. a.True b.False

User: The matching principle requires that all known costs be charged to the current period of operations. a.True, b.False

User: The Statements of Financial Accounting Standards that automatically become generally accepted accounting principles are issued by A.the IRS. B.the SEC. C.the FASB. D.the AICPA.

User: The Statements of Financial Accounting Standards that automatically become generally accepted accounting principles are issued by A)the IRS, B)the SEC, C)the FASB, D)the AICPA





Weegy: c.FASB
Expert answered|mythmoh|Points 4609|

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Asked 4/19/2012 11:12:16 AM
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In its conceptual framework, the FASB concluded that financial reporting rules should concentrate on providing information that is helpful to (Points : 5) a. current and potential investors and creditors in making investment and credit decisions, B. management, tax authorities, and regulatory agencies, C. Both of the above. D.Neither of the above
Weegy: User: In its conceptual framework, the FASB concluded that financial reporting rules should concentrate on providing information that is helpful to (Points : 5) a. [ current and potential investors and creditors in making investment and credit decisions ] (More)
Question
Expert Answered
Asked 4/19/2012 11:31:21 AM
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The Statements of Financial Accounting Standards that automatically become generally accepted accounting principles are issued by A.the IRS. B.the SEC. C.the FASB. D.the AICPA. User: The matching principle requires that all known costs be charged to the current period of operations. (Points : 5) True False
Weegy: true User: If an expenditure that is expected to benefit future periods is made during one accounting period, the cost should be divided and charged as an expense during each period benefited. (Points : 5) True False Weegy: true User: In its conceptual framework, the FASB concluded that financial reporting rules should concentrate on providing information that is helpful to (Points : 5) current and potential investors and creditors in making investment and credit decisions. management, tax authorities, and regulatory agencies. Both of the above. Neither of the above (More)
Question
Expert Answered
Asked 4/19/2012 11:25:40 AM
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The Financial Accounting Standards Board is (Points : 5) A.a branch of the AICPA, B.a branch of the IRS, C.an independent organization, D.a branch of the SEC
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Updated 182 days ago|11/30/2015 10:14:37 PM
1 Answer/Comment
The Financial Accounting Standards Board is an independent organization.
Added 182 days ago|11/30/2015 4:10:35 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [11/30/2015 10:14:38 PM]
The Accounting Standards Executive Committee issues three important types of documents (Points : 5) A.accounting and auditing guides. B.statements of position. C.practice bulletins. D.all of these.
Question
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Updated 4/17/2013 5:12:59 PM
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The Accounting Standards Executive Committee issues three important types of documents , therefore the answer is D.all of these.
The three important types of documents issued by The Accounting Standards Executive Committee are ;
1. Audit and Accounting Guidelines: It concludes the accounting practices for specific industries like colleges, airlines, and casinos. It offers specific guidance on issues that are not addressed by FASB or GASB.
2. Statements of Position: This offers guidelines on topics related to financial reporting until they are addressed by FASB or GASB.
3. Practice Bulletins: It reflects the views of AcSEC on narrow financial reporting issues not addressed by the FASB or the GASB.
Read more at Buzzle:
Added 4/17/2013 5:13:00 PM
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