Describe the hierarchy of GAAP for state and local governments.
Question:
Describe the “hierarchy of GAAP” for state and local governments.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The Generally Accepted Accounting Principles GAAP for state and local governments in the United Stat...View the full answer
Answered By
Deepak Sharma
0.00
0 Reviews
10+ Question Solved
Related Book For
Essentials of Accounting for Governmental and Not for Profit Organizations
ISBN: 978-1259741012
13th edition
Authors: Paul A. Copley
Question Posted:
Students also viewed these Business questions
-
Describe the hierarchy of GAAP for state and local governments, the federal government, and nongovernmental not-for-profit organizations.
-
Authoritative US. GAAP for state and local governments is divided into two categories, with the first category having more authority than the second. What sources of U.S. GAAP are found in both of...
-
1. Based on a review of the abstract, summarize the findings in one or two sentences. 2. Read Section II, Institutional Background. Summarize it. Be sure to mention the Single Audit Act of 1984....
-
Why must Microsoft report this charge of over $1billion entirelyin one quarter, the last quarter of the company's physicalyear? From an accounting point of view, what willMicrosoft do in the futur?
-
In April, a tornado damages the house owned by Delbert and Debbie. The damaged residence required extensive repairs, making it necessary for Delbert and Debbie to move into a motel and eat their...
-
An insurance company classifies drivers as low-risk, medium-risk, and highrisk. Of those insured, 60% are low-risk, 30% are medium-risk, and 10% are high-risk. After a study, the company finds that...
-
David Johnson started this business with the aim of making a good living. However, to date he has not paid himself wages or dividends because the business is new and growing. Ultimately the business...
-
NSW Company collects payment on 50 percent of credit sales in the month of sale, 40 percent in the month following the sale, and 5 percent in the second month following the sale. Its sales budget...
-
6. 7. 8. If one of the diameters of the circle x + y-2x-6y+6=0 is a chord of another circle 'C', whose centre is at (2, 1), then its radius is Let Bi (i = 1, 2, 3) be three independent events in a...
-
John Dyson is in business trading wholesale in consumer durables. He purchases from reputable suppliers and sells at a price calculated to yield a profit margin of 25% on cost. His accounts are in a...
-
Chapters 2 through 9 deal with specific knowledge needed to understand accounting and financial reporting by state and local governments. A continuous problem is available in additional resources...
-
Describe the consequences that would arise if a eukaryotic chromosome: A. Contained only one origin of replication: (i) At the exact center of the chromosome. (ii) At one end of the chromosome. B....
-
__________ is the process of retrieving a specific item from memory.
-
How can the extremes of intelligence be characterized?
-
What is stress, how does it affect us, and how can we best cope with it?
-
What is the long-term relationship between cash flow and earnings?
-
Many cultures have rites of passage through which young people are officially recognized as adults. Do you think such rites can be beneficial? Does the United States have any such rites? Would...
-
A parent company may want to shift profits to the controlling interest and may use intercompany capital leases to accomplish that end. Is there an opportunity to do that with both direct financing...
-
Find i 0 (t) for t > 0 in the circuit in Fig. 16.72 . 2 + Vo 1 7.5e-2t u(t) V ( +) 4.5[1 u(t)]V 0.5v. 1H
-
Two income statements for Boyer Company are shown on the following. Boyer Company Income Statements For Years Ended December 31 2012 2011 Fees earned Operating expenses Net income $300,000 $315,000...
-
If the working papers correlating with this textbook are not used, omit Problem 2-5A. The following records of A-Aall Electronic Repair are presented in the working papers; Journal containing entries...
-
If the working papers correlating with this textbook are not used, omit Problem 2-5A. The following records of A-Aall Electronic Repair are presented in the working papers; Journal containing entries...
-
how business communication interrelated to productivity ? Give example how business communication is impacted on productivity? give two intext citations
-
Write a report on the establishment of a new franchisee that was opened by you as the Manager. Also cite why the previous one was closed. Please follow the following format: Cover Page Index...
-
Ist 201 hands on review addresses to two subnets that will support the required number or nosts. No subnet calculator used. All work must be shown using the IP Addressing worksheet below. Network...
Study smarter with the SolutionInn App