Question

Generally Accepted Accounting Principles​ (GAAP) are currently formulated by the A. American Institute of Certified Public Accountants​ (AICPA). B. Institute of Management Accountants​ (IMA). C. Financial Accounting Standards Board​ (FASB). D. Securities and Exchange Commission​ (SEC).

Answer 1

Answer:

Generally Accepted Accounting Principles​ (GAAP) are currently formulated by  the Financial Accounting Standards Board​ (FASB)

Explanation:

Generally Accepted Accounting Principles​ (GAAP) are accepted accounting principles. These principles must be followed for companies when they make their financial statements.  GAAP are currently formulated by the Financial Accounting Standards Board​ (FASB).  The FASB is the institution whose stablish the accounting rules.