The Financial Accounting Standards Board FASB is the standard setting organization for which of the following reporting organizations?
A) Private not-for-profits
B) Public not-for-profits
C) Investor owned businesses
D) A and C are both correct.

Question

Quizplus · Accepted Answer

Accounting and financial reporting standards for profit-seeking businesses and for nongovernmental not-for-profit organization are set by the FASB

The Financial Accounting Standards Board FASB Is the Standard Setting