Answer:
A. The set of commonly used accounting standards in the U.S.
Explanation:
Generally Accepted Accounting Principles (GAAP) can be defined as the set of commonly used accounting standards in the U.S.
This ultimately implies that, the United States of America, Generally Accepted Accounting Principles (GAAP) is the accounting principles, procedures and standard issued by the Financial Accounting Standards Board (FASB) and adopted by the United States of America, Securities and Exchange Commission (SEC).
Hence, when accountants prepare and compile financial statements for public firms, it must be in line with United States of America, Generally Accepted Accounting Principles (GAAP).
The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
Answer:
steadily adverb (GRADUALLY)
Explanation:
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A specialized dictionary is a dictionary that covers particular topics in detail outlining and defining important terminology and information in a particular area. A specialized dictionary might exist in the sciences, math, engineering or other academic field to provide specific information in regards to terminology in that field.
