What is the selling price to the consumer on these financial accounting question?

Presented below are three models for setting GAAP. The purely political approach, where national legislative action decrees GAAP The private, professional approach, where GAAP is set and enforced by private professional actions only The public/private mixed approach, where GAAP is basically set by private-sector bodies that behave as though they were public agencies and whose standards to a great extent are enforced through governmental agencies Questions Which of these three models best describes standard setting in the United States? Provide justification for your answer.

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What would the result be on these financial accounting question?

General Accounting Question

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What is the work in process inventory on Dec 31, 2013 on these general accounting question?

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