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)civic organizations.

Question

Quizplus · Accepted Answer

The GASB (Governmental Accounting Standards Board) establishes accounting standards for state and local governments, including school districts and veterans hospitals, but not for civic organizations, which are typically private or non-governmental entities.

The GASB Has the Responsibility for Establishing Financial Accounting Standards