The GASB has the authority to establish accounting and financial reporting standards for:

Name: The GASB has the authority to establish accounting and financial reporting standards for:
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Question

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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 Has the Authority to Establish Accounting and Financial