Question

m- me T day aret I to F urd All of these answer choices are correct reporting process will be quite easy to apply Question Pants) Punications and organizations Significant accounting publications are listed below (1-5). Sources or sponsors of accounting publications are identified next by alphabetical character (ad) Match the publications with their sources Publications 1. Accounting Research Bulletins (1953-1959) 2. Accounting Standards Updates 3. Emerging Issues Task Force Updates 4 Statements of Financial Accounting Concepts 5. Opinions (1962-1973) Sources/Sponsors 2. Financial Accounting Standards Board b. Accounting Principles Board c. The AICPA d. Committee on Accounting Procedure 2. In establishing financial accounting standards, two basic premises of the FASB are (1) The FASB should be responsive to the needs and viewpoints of the entire economic community, not just the accounting profession. (2) It should operate in full view of the public through a "due process" system that gives interested persons ample opportunity to make their views known. To ensure achievement of these goals, what steps does the FASB follow in the development of a typical FASB standard?

Answer 1

Ansueer : Adjusting Jowend Entries a 3 decembes set 20,17 in bozules of Wallstion Company Date Particular Lof. Dr. Anto (8) Co Anto Bider 9 16,00 2017 Salaky AK – De. To salary payable Alc $ 16,00 (Being salary pera for employee for a days recorded) 3ideco S 2017 Note recewable Alc-Dio $5000 Isterect al-Dio $300 To customer Alc (Being asooo nate adjusted $ 5300 gideco $10000 2017 $450 Supplier's Alr - Aso Interest All - Dso - To nate payable All (Being nate payable adjusted cet the end of year) $ 10450