Neither governments nor not-for-profit entities have residual equity that can be distributed to owners.
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Q10: The needs of users of government financial
Q11: The Governmental Accounting Standards Board (GASB) is
Q12: Providing information on accountability is the primary
Q13: In addition to financial statements and notes,
Q14: A characteristic common to governments and not-for-profit
Q16: A difference in the financial reporting objectives
Q17: The minimum requirements for general purpose external
Q18: Examples of general purpose governments include cities,
Q19: The Office of Management and Budget (OMB)
Q20: The Financial Accounting Foundation has oversight over
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