The Organization(s) Primarily Responsible for Establishing Generally Accepted Accounting Principles $\begin{array}{lrr} \underline{\text { FASB }} & \underline{\text { SEC }}\\\end{array}$

Short Answer

The organization(s) primarily responsible for establishing generally accepted accounting principles is(are) the $\begin{array}{lrr} \underline{\text { FASB }} & \underline{\text { SEC }}\\\end{array}$
A) $\begin{array}{lrr} \text { no } && \text { no } &\\\end{array}$

B) $\begin{array}{lrr} \text { yes } && \text { no } &\\\end{array}$

C) $\begin{array}{lrr} \text {no } &&& \text { no } &\\\end{array}$

D) $\begin{array}{lrr} \text {yes } && \text { yes} &\\\end{array}$