Question Completion Status: QUESTION 33 Which of the following is false related to accounting standard setting? A The FASB Codification created the new GAAP that we use today, B. The EITF reduces the risk of scandals by addressing emerging issues in financial reporting and providing guidance. C. The SEC could allow the IASB to set US accounting standards. D. Due process refers to the process whereby the FASB solicits feedback from various constituents prior to the rules being finalized. QUESTION 34 Choose the component of the FASB's Statements of Financial Accounting Concepts that matches the descriptive phrase: Having Information available to decision- makers before in loses its capacity to influence decisions. A Comparability B. Faithful Representation C. Materiality D. Timeliness QUESTION 35 The correct order to present current assets is A cash, accounts receivable, prepaid items, inventories. OB. cash, accounts receivable, inventories, prepaid items. C. cash, inventories, accounts receivable, prepaid items. D.cash, inventories, prepaid items, accounts receivable. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers MacBook Air