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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
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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
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Asked 4/19/2012 11:25:40 AM
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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.
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Updated 4/17/2013 5:12:59 PM
1 Answer/Comment
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.
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Added 4/17/2013 5:13:00 PM
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