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Given a state or local government describe the accounting standards that apply to Colleges and Universities and Health Care Organizations. Demonstrate the correct financial reporting

Given a state or local government describe the accounting standards that apply to Colleges and Universities and Health Care Organizations. Demonstrate the correct financial reporting as mandated by FASB 116 and 117 for public and private colleges and universities.?

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There are two major accounting standards that apply to colleges and universities FASB 116 and 117 FASB 116 applies to public colleges and universities while FASB 117 applies to private colleges and un... blur-text-image

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