Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: FASB | Statement: [ASC 505 Equity, standardSettingBody, FASB]

Target entity: FASB
Context triple: [ASC 505 Equity, standardSettingBody, FASB]

• A. Financial Accounting Standards Board chosen
  The Financial Accounting Standards Board is an independent U.S. organization that establishes and improves financial accounting and reporting standards for public and private companies.
• B. Accounting Principles Board
  The Accounting Principles Board was a former U.S. standard-setting body responsible for issuing authoritative accounting guidelines before being succeeded by the Financial Accounting Standards Board.
• C. Governmental Accounting Standards Board
  The Governmental Accounting Standards Board is an independent organization that establishes accounting and financial reporting standards for U.S. state and local governments.
• D. IFRS Foundation
  The IFRS Foundation is an independent, non-profit organization responsible for developing and promoting International Financial Reporting Standards used globally in financial reporting.
• E. Board of Trustees of the Financial Accounting Foundation
  The Board of Trustees of the Financial Accounting Foundation is the oversight body responsible for appointing and supervising the standard-setting boards that establish U.S. accounting and financial reporting standards.
• F. None of above.
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Target predicate: standardSettingBody
Context triple: [ASC 505 Equity, standardSettingBody, FASB]

• A. standardSettingFor chosen
  Indicates that one entity establishes or defines the norms, criteria, or benchmarks that another entity is expected to follow or be measured against.
• B. standardBody
  Indicates that an entity conforms to a recognized or officially accepted body type, form, or physical specification.
• C. standardWithin
  Indicates that one entity conforms to, or falls within the limits of, a specified standard defined by another entity.
• D. standardPar
  Indicates that two entities are parallel and conform to a recognized or defined standard of parallelism.
• E. standardBefore
  Indicates that one standard must be satisfied, applied, or occur earlier in sequence or priority than another standard.
• F. None of above.