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The Organization That Designates Which Authoritative Standard Setting Body Is

Question 3

Multiple Choice

The organization that designates which authoritative standard setting body is responsible for establishing accounting and financial reporting standards for particular kinds of organizations (e.g.,federal,state,and local government,not-for-profit,and business organizations) is the:


A) American Institute of Certified Public Accountants.
B) Financial Accounting Foundation.
C) Government Finance Officers Association.
D) Association of Government Accountants.

Correct Answer:

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