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Which of the following statements regarding primary sources of accounting and financial reporting standards is false? Multiple Choice The GASB sets standards for all state
Which of the following statements regarding primary sources of accounting and financial reporting standards is false?
Multiple Choice
The GASB sets standards for all state and local governments.
The FASB sets standards for all business and governmental notforprofit entities.
The FASB and GASB are administered by the Financial Accounting Foundation.
The FASAB sets standards for the federal government and its agencies and departments.
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