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Question 8 7 pts The body that has the ultimate power to prescribe the accounting practices and standards to be employed by companies that fall

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Question 8 7 pts The body that has the ultimate power to prescribe the accounting practices and standards to be employed by companies that fall under its jurisdiction is the O SEC O FASB O AICPA Question 9 7 pts Which of the following is not one of DR Scott's hierarchy of accounting postulates and principles? O Orientation postulate O The principles of truth and fairness O The materiality principle The principles of adaptability and consistency

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