Question: 1. The Codification a. Is an electronic database that integrates and topically organizes U.S. GAAP into one coherent body of literature. b. Is the only

1. The Codification a. Is an electronic database that integrates and topically organizes U.S. GAAP into one coherent body of literature. b. Is the only source of authoritative GAAP for U.S. companies. c. Does not change GAAP. d. All of these choices. 2. The Codification framework contains six levels going from general to specific in which order? a. Sections, Subsections, Areas, Topics, Subtopics, Paragraphs b. Areas, Topics, Subtopics, Sections, Subsections, Paragraphs c. Areas, Sections, Subsections, Topics, Subtopics, Paragraphs d. Paragraphs, Areas, Topics, Subtopics, Sections, Subsections

a. Is an electronic database that integrates and topically organizes U.S. GAAP into one coherent body of literature. b. Is the only source of authoritative GAAP for U.S. companies. c. Does not change GAAP. d. All of these choices. 2. The Codification framework contains six levels going from general to specific in which order? a. Sections, Subsections, Areas, Topics, Subtopics, Paragraphs b. Areas, Topics, Subtopics, Sections, Subsections, Paragraphs c. Areas, Sections, Subsections, Topics, Subtopics, Paragraphs d. Paragraphs, Areas, Topics, Subtopics, Sections, Subsections

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