ACCT. FOR GOV.&NONPROF. ENTITIES>CUSTOM
ACCT. FOR GOV.&NONPROF. ENTITIES>CUSTOM
18th Edition
ISBN: 9781307515596
Author: RECK
Publisher: MCG/CREATE
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Chapter 11, Problem 5Q
To determine

List the sources of accounting principles that have the most authority for state government, local government, federal government entities, and non-government entities, under the hierarchy of generally accepted accounting principles (GAAP).

To determine

Indicate the accounting literature the accountants should refer to, when the accounting treatment of a particular item is not described in the hierarchy of GAAP.

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