Multiple Choice
Which of the following represented the first formal attempt to develop "generally accepted accounting principles"?
A) "Approved Methods for the Preparation of Balance Sheet Statements" in 1918
B) "Five broad accounting principles" in 1932
C) Accounting Research Bulletin (ARB) 43
D) The FASB's conceptual framework project
Correct Answer:
Verified
Correct Answer:
Verified
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