Which of the Following Is Not True of Accounting Principles

Multiple Choice

Which of the following is not true of accounting principles?

A) Financial accountants follow generally accepted accounting principles (GAAP) .
B) Following GAAP allows accounting information users to compare one company to another.
C) A new accounting principle can be adopted with stockholders' approval.
D) The Financial Accounting Standards Board (FASB) has primary responsibility for developing accounting principles.