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Author Question: Rank the following documents in the proper order in the governmental GAAP hierarchy: a. GASB ... (Read 27 times)

jerry coleman

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on: Jul 6, 2018
Rank the following documents in the proper order in the governmental GAAP hierarchy:
 
  a. GASB Implementation Guide.
  b. GASB Interpretation.
  c. GASB Technical Bulletin.
  d. AICPA Practice Bulletin.
 
  A. a; b; c; d.
  B. b; a; c; d.
  C. b; c; d; a.
  D. c; d; b; a.

Question 2

Assuming Net Sales is 180,000, Cost of Goods Sold is 79,000, Selling Expenses are 28,500, General Expenses are 22,800, and Interest Expense is 2,000, then Income from Operations is
 a. 27,700.
  b. 49,700.
  c. 101,000.
  d. 95,300.
  e. 72,500.


blakeserpa

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Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

B


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