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    Essentials of Accounting Study Set 3
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    Exam 1: Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations
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    The FASB Sets Accounting and Financial Reporting Standards for Governmentally
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The FASB Sets Accounting and Financial Reporting Standards for Governmentally

Question 41

Question 41

True/False

The FASB sets accounting and financial reporting standards for 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.

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