5. The International Accounting Standards Board: A. produces accounting rules for many developing and developed countries around the world, except for the United States. B. is expected by some financial experts ultimately to be the single accounting standard-setter for developing and developed countries around the world. C. produces its own authoritative pronouncements, called "IFRS". D. All of the above are true. E. None of the above is true. 5. The Financial Accounting Standards Board: A. is a U.S. governmental agency that produces accounting principles in the United States. B. is a private-sector entity responsible for the preparation and continued revision of the Accounting Standards Codification. C. does not provide accounting principles for privately held U.S. companies. D. All of the above are true. E. None of the above is true. 7. Corporate pension plans in the United States: A. have reversed a trend and are now increasingly more likely to be defined- benefit plans rather than defined contribution plans. B. will get complete protection for beneficiaries from the U.S. Pension Benefit Guaranty Corporation, if an employer company goes out of business and still owes retirement benefits to its employees. C. are governed in part by the requirements of the Employee Retirement Income Security Act of 1974. D. All of the above are true. E. None of the above is true. 3. A Form 10-K: A. must usually be submitted to the SEC within 60 days after a reporting company's year-end. B. includes audited financial statements and other significant financial data. C. is a comprehensive annual report of an issuer's operations and financial condition. D. All of the above are true. E. None of the above is true