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FASB was established to: A. Allow for alternative ways of recording business transactions for small companies...

FASB was established to:

A. Allow for alternative ways of recording business transactions for small companies

B. Change the CPA exam to make it more current by including the use of technology

C. Develop accounting principles

D. Ensure more students will be eligible to take the CPA exam

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Answer #1
Option C is the answer
As per SEC, Financial Accounting Standards Board (FASB) is the independent organization established for developing and maintaining the accounting principles for public and private companies
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