Rank the Following Documents in the Proper Order in the Governmental

question 24

Multiple Choice

Rank the following documents in the proper order in the governmental GAAP hierarchy:
I. GASB Concepts Statement.
II) GASB Statement of Governmental Accounting Standards.
III) GASB Technical Bulletin.

• A) I; II; III.
• B) II; I; III.
• C) II; III; I.
• D) III; II; I.

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Definitions:

Pleistocene

An epoch of the Quaternary period characterized by several glacial advances, extending from about 2.58 million to 11,700 years ago.

Triassic

A geologic period and system which lasted from about 252 to 201 million years ago, marking the beginning of the Mesozoic Era.

Carboniferous

A geologic period and system that occurred around 359 to 299 million years ago, known for its vast swamp forests and the formation of significant coal deposits.

Ordovician

A geological period, approximately 485 to 444 million years ago, marked by significant diversification of life, especially in marine environments.