In what year the generally accepted accounting principles for government established the GAAFR?Select one:a.1986b.1976c.1974d.None of the choices

Step 1: Break Down the Problem

We need to identify the year when the Generally Accepted Accounting Principles for Government (GAAFR) were established from the provided choices.

Step 2: Relevant Concepts

GAAFR stands for "Governmental Accounting, Auditing, and Financial Reporting." It refers to the principles that guide financial reporting for governmental entities.

Step 3: Analysis and Detail

The GAAFR was established to provide a framework for accounting and financial reporting in the public sector. This likely means we need to recognize historical dates in governmental accounting.

Step 4: Verify and Summarize

From historical records, GAAFR was officially established in 1976, which aligns with choice b.

Final Answer

b. 1976