Currently, what is the single source of generally accepted accounting principles in the United States?
A) Financial Accounting Statements
B) APB Opinions
C) Accounting Standards Codification
D) Accounting Research Bulletins

Question

Quizplus · Accepted Answer

The Accounting Standards Codification (ASC) is the single source of authoritative nongovernmental U.S. generally accepted accounting principles (GAAP) as recognized by the Financial Accounting Standards Board (FASB).

Currently, What Is the Single Source of Generally Accepted Accounting