Hello everyone, l need explanation of the answers, why we choose these answers.

0 4 The most likely A. Confidence B. Competence. most likely important flaw leading to the demise of the APB was the perceived lack of: Importance 5. The most political issue in the FASB's most recent deliberations and amendments to GAAP on business combinations was: The negative effeces on subsequent carnings of amortizing goodwill f firms were required to use the method of accounting for the combination. B. The negative effects on subsequent earnings of amortizing goodwill if firms were required to use the pooling method of accounting for the combination. C. The unrealistic balance sheet assets that would be created if firms were required to use the purchase method of accounting for the combination. D. The unrealistic balance sheet assets that would be created if firms were required to use the pooling method of accounting for the combination. 6. The prinary hisorical reason for the FA historical reason for the FASB reversing its positions when political pressures occur is: ostions when political pressures ocur is: A. The cost of gathering data was prohibitive. B. The difficulties in measurement were too great. C. They have no authority in such situations. The SEC did not support the FASB position. 7. The most recent example of the political process at work in standard-setting is the heated debate that occurred on the issue of A. Pension plan accounting. B. Accounting for postretirement benefits other than pensions. Accounting for business combinations. Accounting for stock-based compensation. 8. Independent auditors express an opinion on the Fairness of financial statements. Accuracy of financial statements. C. Soundness of a company's future. D. Quality of a company's managem