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Question

Within the United States, the dominant body in the primary development of accounting principles is the

a. Financial Accounting tandards Board (FASB)

Ob. Institute of Management Accountants (IMA)

Oc. American Institute of Certified Public Accountants (AICPA)

Od. American Accounting Association (AAA)

TE

Answer

a. Financial Accounting Standards Board (FASB)

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The Financial Accounting Standards Board (FASB) is the primary body responsible for the development of accounting principles within the United States. The FASB...