26. Current cost is not one of the measurement attributes employed in GAAP. true or false

54. Which of the following is not a provision of the Public Company Accounting Reform and investor Protection Act of 2002?

a. Corporate executive accountability

b. Auditor rotation

c. Reporting on adequacy of internal controls

d. All of these answer choices are correct.

58. The most political issue in the FASB's deliberations and amendments to GAAP with respect to employee stock options was:

a. The negative effects (especially on the earnings of high-tech companies) if they had to recognize compensation expense in an amount equal to the fair value of the options.

b. Accounting for options-related compensation expense relating to options that have not yet been granted to employees.

c. The negative effects on assets of recognizing options-related compensation expense in equity.

d. The disclosure of options-related compensation expense in the notes to the financial statements.