The Governmental Accounting Standards Board Is Assigned Responsibility for Setting

Multiple Choice

The Governmental Accounting Standards Board is assigned responsibility for setting accounting and financial reporting standards for

A) Governments such as federal agencies, states, cities, counties, villages, and townships.
B) State and local government entities and governmentally-related units and agencies, such as utilities, authorities, hospitals, and colleges and universities.
C) Not-for-profit organizations.
D) State and local governments and all not-for-profit organizations.