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Which of the following is true about the Financial Accounting Standards Board (FASB)? FASB sets standards that apply to companies throughout the world. FASB was
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Which of the following is true about the Financial Accounting Standards Board (FASB)?
- FASB sets standards that apply to companies throughout the world.
- FASB was created by the EITF to handle smaller issues in a timely manner.
- FASB produces standards that apply to almost all companies in the United States.
- FASB was created by the Securities Exchange Act of 1934.
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