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Listed Below Are Five Terms Followed by a List of Phrases

Question 121

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Financial Accounting Standards Board


A) Its EITF Issues are GAAP when entered in the Accounting Standards Codification.
B) It is the national organization for CPAs in the United States.
C) It has the authority to set U.S. accounting standards.
D) It established GAAP before the FASB.
E) Undermines representational faithfulness by being inconsistent with neutrality.

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