Question

Question Completion Status: Which of the following is NOT a part of generally accepted accounting principles? A FASB Accounting Standards Updates B. AICPA Research Analysis OC. CAP Accounting Research Buletins D.APB Opinions QUESTION 11 2.5 points Save Araw A statement of stockholders' equity includes a column for each of the following except A net income Bretained earnings C. Long-term Liabilities D. accumulated other comprehensive income QUESTION 12 1.5 points Save Answer Which organization issues Accounting Standards Updates? A. Financial Accounting Standards Board (FASB) B. International Accounting Standards Board (ASB) C Securities and Exchange Commission (SEC) D. Accounting Principles Board (APB) Click Save and Submit to save and submit. Click Save All Answers to save all answers Save Al Answers Close Window Save and Subm MacBook Air TE

Answer 1

1)

Statements by the Financial Accounting Standards Board (FASB) and Accounting Research Bulletins and Accounting Principles Board opinions by the American Institute of Certified Public Accountants (AICPA) are part of GAAP.

APB opinion is correct Option

2)

Long term Liabilities is correct option

Statement of shareholder equity

Common stock,

Additional paid-in capital

Retained earnings

Less: accumulated other comprehensive income

3)

FASB is Correct option

The FASB issues an Accounting Standards Update (ASU) to communicate changes to the FASB Codification, including changes to non-authoritative SEC content.