11.

11 d.

11d is the next part of question 11 but it won't show until I have answered part c correctly

E1-4 (bookstatic) Question Help Joe Choi, a history major is considering transterring to your school of business to study accounting. Joe is having some doubts because he is uncertain if there is ay room for history in accounting Read the requirements (a) When did financial reporting standard setting begin in the United States? Financial reporting standard setting began in the United States in 1934 with the 1934 Securities Exchange Act. b) Who had intial authority to set accounting standards? The Securties and Exchange Commission (SEC) itially had the power to promuigate accouning standards that all pubdy-traded hrms must tolow. However, tis power was deiegated bo ih private sector (c) Which organizations were delegated the authority to set standards? Comment on the types of standards issued and concems wh the stancard-setting process under each organzabon. The Commimee on Accounting Procedures (CAP as Accouning Research Buletins (ARBs) was formed in 1939. The organization's purpose was to increase the number of accounting methods used in pracice. During is tenre, if produced 51 standrds, referred to The organization accomplished its purpose and was replaced in 1969 by the Accounting Principies Board (APB)