An Accounting Principle Must Receive Substantial Authoritative Support to Qualify

Multiple Choice

An accounting principle must receive substantial authoritative support to qualify as generally accepted.Among the organizations and agencies that have been influential in the development of generally accepted accounting principles,which of the following has provided the most influential leadership?

A) Internal Revenue Service.
B) Institute of Management Accountants.
C) Financial Accounting Standards Board.
D) New York Stock Exchange.