Which of the Following Statements Is Regarding Generally Accepted Accounting

Which of the following statements is regarding generally accepted accounting principles (GAAP) for colleges and universities?

A) The FASB has set standards for private and public colleges and universities from the time of its inception in 1974.
B) The National Association of Colleges and University Business Officers (NACUBO) provides category (b) accounting principles under the FASB GAAP hierarchy.
C) Public and private colleges and universities are subject to the requirements in the AICPA audit and accounting guide for Not-for-Profit Entities.
D) The GASB is responsible for establishing GAAP for public colleges and universities.