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What are GASBs? How are they different from the FASB? The accounting equation for a for-profit company is: Assets = Liabilities + Capital. What would

  • What are GASBs? How are they different from the FASB?
    The accounting equation for a for-profit company is: Assets = Liabilities + Capital. What would be the accounting equation for a nonprofit company?
    Mention the main sources of income for government units.
    Mention the three basic financial statements required for nonprofit organizations and their functions.

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