1* When you prepare the current assets section of the balance sheet under GAAP you see that two of the balance sheets of the bank accounts are negative. Where would you look to determine how these balances should be reported?

a*Rules and procedures of the American Banking Association

b*FASB coding system

c*IFRS pronouncements since negative balances are currently passive

d*None of the above since the balance sheets should be grouped in the balance sheet

2. Which of the following is not one of the steps for the ethical decision analysis model:

a*Identify the consequences of each possible course of action

b*determine the facts within the situation.

c*Consult with the review board (ethics review board) of AICPA