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Identify the Standard Setting Body for Private Not-For-Profit Organizations and the Basis

Question 50

Multiple Choice

Identify the standard setting body for private not-for-profit organizations and the basis of accounting that should be used.

A) GASB & Accrual.
B) GASB & Modified Accrual.
C) FASB & Accrual.
D) FASB & Modified Accrual.

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