ACC 280 final exam. P.s. Your questions will be chosen randomly from a large set of questions. Nobody can guarantee that these questions will cover completely your exam. If I helped you please leave "a" feedback (i need it very much). Thank you and good luck.

1)the sec and fasb are two organizations that are primarily responsible for establishing generally accepted accounting principles. It is true that

A. The sec is a private organization of accountants. B. The sec often mandates guidelines when no accounting principles exist. C. The sec and fasb rarely cooperate in developing accounting standards. D. They are both governmental agencies.

2)auditing is

A. A part of accounting that involves only recording of economic events. B. An area of accounting that involves such activities as...