Q1-6 Discuss the roles of the GASB and the FASB in standards setting for G&NP organizations. 01-7 The revenues of profit-seeking organizations are based on user charges. Users may be charged for various services provided by G&NP organizations as well. However, the nature and purpose of user charges of G&NP organizations and those of profit-seeking organizations often differ. Explain. Q1-8 Different sets of accounting and reporting concepts, principles, and standards have evolved for state and local governments, nonprofit organizations, and business enterprises. Given the differences between and among them, how can they all be considered "generally accepted accounting principles"? Q1-9 (a) What is the purpose of the GASB's GAAP hierarchy guidelines? (b) How would an accountant or auditor use the heirachy if the guidance given in a GASB statement and an AICPA audit and accounting guide regarding the proper accounting treatment of a state government transaction or event conflict?