All but one of the following statements indicates a difference between the Financial Accounting Standards Board (FASB) and prior approaches. Select the one that is not a difference
a. The FASB is independent of the AICPA.
b. The size of the board is much smaller.
c. The FASB has broader representation.
d. The FASB is the primary board for the development of generally accepted accounting principles.
e. Members of the FASB serve on a full-time basis.
D
Business
You might also like to view...
A(n) ________ is a rating scale that requires the respondents to express an opinion since a "no opinion" option is not provided
A) balanced rating scale B) unbalanced rating scale C) forced rating scale D) systematic rating scale E) opinion scale
Business
A system is an interrelated set of business procedures used by one business unit, working together for a purpose
Indicate whether the statement is true or false
Business