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The Financial Accounting Standards Board (FASB) has primary responsibility for providing guidance on generally accepted accounting principles for nongovernmental not-for-profit entities. The Governmental Accounting Standards
The Financial Accounting Standards Board (FASB) has primary responsibility for providing guidance on generally accepted accounting principles for nongovernmental not-for-profit entities. The Governmental Accounting Standards Board (GASB) is responsible for government organizations including governmental not-for-profit organizations. These lines of responsibility are outlined in FASB Accounting Standards Codification (ASC) 205.
Group startsTrue or False True, unselectedFalse, unselected
The Financial Accounting Standards Board (FASB) has primary responsibility for providing guidance on generally accepted accounting principles for nongovernmental not-for-profit entities. The Governmental Accounting Standards Board (GASB) is responsible for government organizations including governmental not-for-profit organizations. These lines of responsibility are outlined in FASB Accounting Standards Codification (ASC) 205.
Group startsTrue or False
True, unselectedFalse, unselected
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