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Whitepunk [10]
3 years ago
14

GAAP is comprised of: FASB financial standards. any accounting guidance included in the FASB Codification. FASB standards, inter

pretations, and concepts statements. FASB standards, interpretations, EITF consensuses, and accounting rules issued by FASB predecessor organizations.
Business
1 answer:
makkiz [27]3 years ago
5 0

Answer:

FASB financial standards. Any accounting guidance included in the FASB Codification

Explanation:

GAAP (Generally accepted accounting principles) is primarily comprised of a series of pronouncements from the financial accounting standards board (FASB).

The FASB is not a governmental agency. It is an independent agency tasked with identifying the best way to account for corporate transactions and report them in the most appropriate manner.

GAAP, as set forth by the FASB, is only for US firms and international firms selling stock on US stock exchanges.

Other countries have their own accounting standards agencies that set their own form of GAAP rules.

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olganol [36]

Answer:

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Explanation:

7 0
3 years ago
In which of the following situations would a delegation of contractual duties be allowed? Multiple Choice A painter hired to pai
Trava [24]

Answer:

A painter hired to paint your home.

Explanation:

Delegation of contractual duty occurs when the individual that is supposed to perform a task transfers the responsibility of performing the task to another person.

For example if someone is supposed to paint a house but he has other engagements. He can delegate to another painter to perform the painting.

Delegation does not transfer contractual rights as the original person still collects payment for performance of the task.

Usually delegation can occur for tasks that do not require special skill and can be performed by anyone.

In the other scenarios special skill is required so delegation will not be usually allowed.

8 0
2 years ago
:wifi corporation, a u.s. firm, signs a contract with bueno computadores, ltd., an argentinean firm, for a shipment and payment
Zielflug [23.3K]
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5 0
3 years ago
Arielle, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company
bija089 [108]

Answer:

Option D

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In Option A, she might not be given any leading HR role.

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3 years ago
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3 0
3 years ago
Read 2 more answers
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