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  3. Study Set
    Financial Accounting Theory
  4. Exam
    Exam 1: The Development of Accounting Theory
  5. Question
    The Body That Has the Ultimate Power to Prescribe the Accounting
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The Body That Has the Ultimate Power to Prescribe the Accounting

Question 38

Question 38

Multiple Choice

The body that has the ultimate power to prescribe the accounting practices and standards to be employed by companies that fall under its jurisdiction is the


A) SEC
B) APB.
C) FASB.
D) AICPA.

Correct Answer:

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