Author Question: The rule-setting body, which authorizes generally accepted accounting principles is the ________. ... (Read 63 times)

frankwu · **on:** Jul 11, 2018

The rule-setting body, which authorizes generally accepted accounting principles is the ________.

A) IFRS
B) FASB
C) SEC
D) Federal Reserve System

Question 2

A firm's annual stockholders' report ________.

A) is only accessible to the shareholders of the firm
B) summarizes and documents the firm's financial activities during the past year
C) documents the list of all investors who bought the firm's shares during the past year
D) summarizes and documents the firm's financial plan and budgets during the past year