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Question 37 (3 points) Companies that are listed on a stock exchange are required to submit their financial statements to the a) AICPA. b) APB

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Question 37 (3 points) Companies that are listed on a stock exchange are required to submit their financial statements to the a) AICPA. b) APB OC) FASB. od) SEC. Question 38 (3 points) FASB Technical Bulletins a) are similar to FASB Interpretations in that they establish enforceable standards under the AICPA's Code of Professional Ethics. O b) are issued monthly by the FASB to deal with current topics. are not expected to have a significant impact on financial reporting in general and provide guidance when it does not conflict with any broad fundamental accounting principle. d) were recently discontinued by the FASB because they dealt with specialized topics having little impact on financial reporting in general. Question 39 (3 points) The following are part of the "due process" system used by the FASB in the evolution of a typical FASB Accounting Standards Update: 1. Exposure Draft 2. FASB Accounting Standards Update 3. Preliminary Views The chronological order in which these items are released is as follows: a) 1, 2, 3. b) 1, 3, 2. I OC) 2.3.1. O d) 3, 1, 2

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