Which of the following has the legal authority to determine financial reporting in the United States?

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answerhappygod
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Which of the following has the legal authority to determine financial reporting in the United States?

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A) Financial Accounting Standards Board.
B) American Accounting Association.
C) Securities and Exchange Commission.
D) Public Company Accounting Oversight Board.
Answer: C
Explanation: The Securities and Exchange Commission is the government agency that
determines the financial statements that public companies must provide to stockholders.
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