Give at least three (3) lessons that you think are important in following State Law(Legal Law and Non- Legal Law

Q: 6) Which pronouncements have the highest level of authority for state and local governments? A)…

A: GASB statements means Governmental Accounting Standards Board Statements. These statements are…

Q: Presented below are three models for setting GAAP. 1.    The purely political approach, where…

A: The public/private mixed approach appears to be the way rules are established in the United States.…

Q: What are some of the functions of a state board of public accountancy?

A:

Q: Under the Philippine Civil Code, answer the following question: Differentiate a License to Recruit…

A: The process by which employees are identified, interviewed and hired is termed as recruitment.

Q: For each of the five filing statutes, provide an example of a person who would qualify.

A: Taxpayers must fall under the drawn one of the five filing statuses and this helps in computing…

Q: What are the two major types of legal system used in the world? Choose one of the following: A) low…

A: Legal law is the set of laws of a country and the ways in which they are interpreted and enforced.

Q: which concerns with revenue and disbursement of government such as central government , state…

A: Finances are referred as the management of money from investing activities, borrowing, lending,…

Q: Explain, in detail, the way in which the integrity measures that protect the imputation system…

A: Imputation system of taxation involves the process of taxing the profit distributed by a company at…

Q: Rank the following sources of authority in order of authoritative value (with 1 being the…

A: Authority Authoritative value Internal Revenue Code 1 Final Treasury regulation 2 Revenue…

Q: on law countries accounting focuses on economic substance and the standards and procedures are…

A: the correct answer is FALSE .   IN LAW COUNTRIES . ACCOUNTING IS WORKING ON THE BASIS OF ACCOUNTING…

Q: The incurrence of an obligation for future delivery or performance by the oblige is recorde by a…

A: The decision making process in government is an imported aspect of the environment of state…

Q: Briefly describe the service type activities that most general purpose governments perform?

A: Governmental accounting standard board is established in United States, used by the state and local…

Q: 3. A government-wide statement of net position may include a column for each of the following…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Can you explain and give examples of the key state assets that fall in the federal government…

A: Answer:-  Stewardship of state resources meaning:- The term "stewardship of state resources" refers…

Q: ent must be both legally separate and fiscally independent. B. A primary government, although…

A: Primary Government: The primary government may be a state government, a general-purpose local…

Q: Give 2 takeaways in the importance of Non-Legal Law in Business Law and Give 1 Takeaway in the…

A: Business law refers to the law body which dealt with the commerce as well as business and it is…

Q: Which of the following is not an inherent power of a government?

A: The inherent power of a government are:- 1. Eminent domain  2. Police power 3. Taxation

Q: Give and discuss at least 3 principles of international law.

A: International law (IL) refers to the conceptual guidelines, standards, rules as well as norms which…

Q: How does the Dodd Frank bill differ from other bills? Which areas were encompassed in this bill? Do…

A: In simple terms, , Dodd frank is a law that places major regulations on the financial industry,…

Q: In your own words, briefly describe the Sarbanes-Oxley Act and its purpose.

A: The Sarbanes-Oxley Act of 2002 seems to be a law approved by the United States Congress on July 30,…

Q: What is the federal counterpart of the state and local government "encumbrance"? Select one: a.…

A: Encumbrances represent amounts a government has committed to pay for goods or services that were not…

Q: If Form 941-V is utilized, the amount shown on line 2 of the form must agree with the amount…

A: 1. Answer: Option (c)   2. Answer: Option (a); if there is an annual liability for Social Security,…

Q: Identify the following users as either external users (E) or internal users (I): _______ FBI and…

A: Accounting data or information of a business venture is utilized by numerous stakeholders. Diverse…

Q: The objective of a government is to provide services to its citizens a. True b. False

A: The public sector entities being established by the government of the particular state or city for…

Q: Which of the following statements regarding the requirement to follow U.S. GAAP in financial…

A: Generally accepted accounting principles (GAAP) are controlled by the Financial Accounting Standards…

Q: In common law countries accounting focuses on economic substance and the standards and procedures…

A: Common law is defined as the laws that are in unwritten form grounded on the legal precedents that…

Q: 7. Three subject areas where federal statutes have been implemented to protect the personal data of…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: dys lows all the laws of the country fulfill the responsibility of the organization towards

A: In any country the taxes are levied by the government or the governing body. No other person or…

Q: Why is there a need or why is it a requirement for banking institution, building and loan…

A: Every  banking institution, building and loan association, trust company, insurance company, must…

Q: Discuss about the validity of a private express trust in Mauritius with particular reference to the…

A: Here discuss about the details of the validity of the Private express trust which can be formed /…

Q: What are the similarities of Power of Eminent Domain and Power of Taxation. 2. Discuss the four (4)…

A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…

Q: What are the objectives of probate laws?

A: Probate law: After the death of the decedent how his property should be located, how his debts are…

Q: today, most federal regulations are exercises of what authority according to the commerce clause of…

A: Clause 3 of U.S .Constitution authorizes power to  congress to regulate the commerce with several…

Q: arbanes Oxley been an effective piece of le

A: Yes, even if the results aren’t staggering and as relevant because the act hoped for, the act has…

Q: Write any two differences between non-profit organization and governmental organization?

A: Non-profit-organization is an entity that has an objective other than profit earning, Non-profit…

Q: What can be understood from Probate laws?

A: Probate law: After the death of the decedent how his property should be located, how his debts are…

Q: A primary government can be either a general purpose government or a special purpose government.…

A: Difference between Primary purpose government and specific purpose government: General Purpose…

Q: Explain the governmental Units , business type and fiduciary type with example?

A: Fund accounting is a system put in place in order to record the funds available to the government…

Q: ups. Explain why this method of reporting is disad

A: There are three distinct advantages gained by the governmental reporting through the use of thethree…

Q: MC: Topic: Income Taxation The following defines taxation, except: * It is an inherent power of…

A: Tax is the charge for having excess income. The government has provided the tax slabs by which…

Q: why you think each state is responsible for issuing CPA licenses.

A: The prerequisites for taking the CPA exam and receiving a license vary by state. Many states have…

Q: 20. Bankruptcy cases are heard by: a.either federal or state courts. b.the U.S. Bankruptcy Courts…

A: Bankruptcy: It is a legal status of a person or other entity who cannot repay debts to creditors. In…

Q: Give examples of obligations or contracts which are contrary to public policy.

A: It is often listened that there are some contracts or obligations which are contrary or…