The rules adopted by the accounting profession as guides in preparing financial statements are: A: Comprised of both general and specific principles. B: Known as generally accepted accounting principles. C: Abbreviated as GAAP. D: Intended to make information in financial statements relevant, reliable, and comparable. E: All of these.

_______________is the field of accounting that develops information for external decision makers such as stockholders,suppliers, banks, and government regulatory agencies.

Members of the of the Public Company Accounting Oversight Board are<br/>appointed and overseen by ( ) A: the B: the<br/>American Institute of Certified Public Accountants. C: the Securities and Exchange Commission. D: the<br/>Auditing Standards Board. E: Congress.

The government agency that insures each depositor at a commercial bank, savings and loan association, or mutual savings bank up to a loss of $100,000 per account ($250,000 for individual retirement accounts) is the Securities and Exchange Commission (SEC).

Which of the following factors influences corporate governance practices? A: Securities legislation B: Government regulatory agencies C: The threat of a hostile takeover D: Institutional activism E: All of the above