Travis,an accountant,is subject to the accounting conventions,rules,and procedures that constitute generally accepted accounting principles (GAAP).GAAP are determined by

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Quizplus · Accepted Answer

Generally accepted accounting principles (GAAP) are determined by the Financial Accounting Standards Board (FASB). FASB is an independent, private sector organization that establishes accounting and financial reporting standards for U.S. private and public companies and nonprofit organizations. Therefore, option D is the correct answer. The other options (A, B, and C) are not relevant to the determination of GAAP.

Travis,an Accountant,is Subject to the Accounting Conventions,rules,and Procedures That Constitute