For each of the following entities, identify if the entity would be governed by GASB standards by
Question:
For each of the following entities, identify if the entity would be governed by GASB standards by placing a “G,” FASB standards by placing an “F,” or FASAB standards by placing an “FB.” (Search the website of the entity listed if you are unsure.)
Entity
1. Your university
2. Department of Defense
3. American Institute of Certified Public Accountants
4. The county in which you live
5. Internal Revenue Service
6. Mayo Clinic
7. New York City
8. American Cancer Society
9. Metropolitan Washington Airports Authority (operates the Washington, DC, airports)
10. The Metropolitan Museum of Art, New York City
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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