The FASAB establishes financial reporting standards for all governments.
Correct Answer:
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Q7: Major external users of governmental and nonprofit
Q8: State and local governments and nonprofit entities
Q9: The federal government, state and local governments,
Q10: All governments prepare fund financial statements for
Q11: The federal government and state and local
Q13: In their objectives of financial reporting, both
Q14: The FASB establishes financial reporting standards for
Q15: The financial reporting standards established by the
Q16: GASB standards recognize only two categories of
Q17: The FASB Codification is the single source
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