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7. Which of the following has the legal authority to determine financial reporting in the United States? A. Financial Accounting Standards Board. B. American Accounting

image text in transcribed 7. Which of the following has the legal authority to determine financial reporting in the United States? A. Financial Accounting Standards Board. B. American Accounting Association. C. Securities \& Exchange Commission. D. Public Company Accounting Oversight Board. 7. Which of the following has the legal authority to determine financial reporting in the United States? A. Financial Accounting Standards Board. B. American Accounting Association. C. Securities \& Exchange Commission. D. Public Company Accounting Oversight Board

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