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III. Short Answer Answer each of the following questions. Use complete sentences. Do not use more than 3-4 sentences to answer each question. Use a

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III. Short Answer Answer each of the following questions. Use complete sentences. Do not use more than 3-4 sentences to answer each question. Use a separate sheet of paper for this problem. 1. Describe the role of the Securities and Exchange Commission (SEC) in setting accounting standards. 2. Describe the role of the Financial Accounting Standards Board (FASB) in setting accounting standards

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