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Ryan Lives in Iowa and Is Completing His Fourth Year

question 3

Multiple Choice

Ryan lives in Iowa and is completing his fourth year of electrician apprenticeship training. After achieving journeyman status, what will Ryan require from his state government in order to practice his trade?

Definitions:

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction, specifically the U.S.

FASB Statements

Formal documents issued by the Financial Accounting Standards Board, setting forth standards and principles for financial accounting and reporting in the U.S.

AICPA Accounting Interpretations

Formal explanations and clarifications issued by the American Institute of Certified Public Accountants regarding specific accounting issues.

FASB Technical Bulletins

Short for Financial Accounting Standards Board Technical Bulletins, these documents provide guidance on specific accounting issues.