Question

QUESTION 26 Which of the following organizations issues accounting standards for countries outside the United States? A. GAAP OB. SEC OC. FASB O DIASB QUESTION 27 Generally accepted accounting principles A. are sound in theory but rarely used in real life. OB. are accounting rules formulated by the Internal Revenue Service. C. have eliminated all errors in accounting, D. are accounting rules that are recognized as a general guide for financial reporting. QUESTION 28 The agency of the United States Government that oversees the U.S. financial markets is the A. International Auditing Standards Committee OB. Securities and Exchange Commission OC. Financial Accounting Standards Board D. Internal Revenue Service Click Save and Submit to save and submit. Click Save All Answers to save all answers

Answer 1

Answer O. N. 26 : 10 option "B" es the correct answer in e Sec. Because, securities and Exchange como- ission help derelop Standard followed by many firms countries outside United state. Hence are incorrect 15 Remaining options O.N. 27 99 20 option is the correct option because Generally accepted principles are procedures ando guidelines be followed and reporting process. Hence Rem accounting in accounting emaining options are incorrect O.N. 28 option "B" is because commission is the united stare Government the U.S. Financial correct option securities and Exchange agency that oversees marketi