Each of the following would be defined as a governmental entity based on the definition of a government that was jointly developed by the GASB and FASB except

Question

Quizplus · Accepted Answer

The hospital that was sold to a private, for-profit health care management corporation is no longer owned by a government entity and therefore does not fit the definition of a governmental entity. A governmental entity is defined as an organization that has the power to govern a geographic area, and is accountable for providing public services and programs within that area. The Historic Preservation District, Charter School, and Financing Authority all fit this definition, as they are all created by or accountable to a government entity.

Each of the Following Would Be Defined as a Governmental