Which of the following has primary responsibility to develop Generally Accepted Accounting Principles?

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answerhappygod
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Which of the following has primary responsibility to develop Generally Accepted Accounting Principles?

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A) Financial Accounting Standards Board.
B) Company Executives.
C) Securities and Exchange Commission.
D) Public Company Accounting Oversight Board.
Answer: A
Explanation: The Securities and Exchange Commission has charged the Financial Accounting
Standards Board with developing Generally Accepted Accounting Principles.
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