Which of the Following Statements Holds True for Accounting Standards

Multiple Choice

Which of the following statements holds true for accounting standards?

A) It refers to a statement that contains details of all a country's economic transactions with the rest of the world, for a given time period, usually one year.
B) It refers to the sale of securities under a negotiated agreement between an issuer and the investing institution, as an alternative to a public issue.
C) It refers to the rate of interest charged by the Federal Reserve Bank on financial accommodation extended to banks and financial institutions.
D) It refers to a system of rules and principles that prescribe the format and content of financial statements.
E) It refers to government securities that have the highest degree of reliability.