Rank the following documents in the proper order in the ...

[jerry coleman]

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]

Answer to Question 1

C

Answer to Question 2

B