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 government and all not-for-profit organizations.