The GASB sets accounting standards for all of the following except:
A) State and local governments
B) Component units owned or controlled by governments
C) Governmentally related not-for-profit universities
D) Nongovernmental not-for-profit hospital

Question

Quizplus · Accepted Answer

The GASB sets accounting and financial reporting standards for state and local governments in the U.S., governmentally related not-for-profit organizations, such as colleges and universities, health care entities, museums, libraries, and performing arts organizations that are owned or controlled by governments.

The GASB Sets Accounting Standards for All of the Following