5. The GASB has the responsibility for establishing financial accounting standards for all of the following entities EXCEPT: A. state and local government entities. B. veterans hospitals.

C. school districts.

D. art museum.

6. The expendable fund (governmental fund) measurement focus is on:

A. the flow of current financial resources. B. the flow of economic resources. C. the flow of revenue, expenses, and net income.

D. none of these.