The Governmental Accounting Standards Board Has Been Given Authority to Establish

Multiple Choice

The Governmental Accounting Standards Board has been given authority to establish accounting and financial reporting standards for:

A) all governmental units and agencies.
B) federal, state, and local governments.
C) all governmental units and all not-for-profit organizations.
D) state and local governmental entities, and governmentally-owned utilities, authorities, hospitals, and colleges and universities.