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what is the private, self-regulating, five-member board established to develop generally accepted accounting principles used in the practice of financial accounting. a. GAAP b. FASB c. NFASC d. FARPA
Weegy: FASB is the private, self- regulating, 5- member board established to develop generally accepted accounting principles used in the practice of financial accounting. User: Accountants define cost as? a. actual expenditure of money or other resources. b. opportunity given up to use as an asset in an alternative way. c. the price of something. d. the value of what is given up in exchange for something. (More)
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Asked 8/25/2013 7:28:35 PM
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According to the _____ method of accounting, revenues are recognized when they are earned, and payment is reasonably assured? a. accrual-basis b. actuarial c. managerial d. LIFO
Weegy: According to the a. accrual-basis method of accounting, revenues are recognized when they are earned and payment is reasonably assured, (More)
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Asked 8/25/2013 7:17:23 PM
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