Author Question: What is the name of the entity that recommends accounting standards for the federal government? ... (Read 38 times)

RYAN BANYAN · **on:** Jul 5, 2018

What is the name of the entity that recommends accounting standards for the federal government?

a. the Governmental Accounting Standards Board
b. the Federal Accounting Standards Advisory Board
c. the Financial Accounting Standards Board
d. the American Institute of Certified Public Accountants

Question 2

The matching principle in accounting requires the matching of
a. revenue earned with the expenses incurred to produce the revenue.
b. revenue earned with the assets used to produce the revenue.
c. revenue earned with the liabilities incurred to produce the revenue.
d. revenue earned with the assets used less the liabilities incurred.