According to FASAB, entity assets are defined as those assets arising from transactions between federal entities.

Name: According to FASAB, entity assets are defined as those assets arising from transactions between federal entities.
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FASAB (Federal Accounting Standards Advisory Board) defines entity assets more broadly, not just those arising from transactions between federal entities, but as resources that are owned or managed by the entity and that are available to be used in its operations.

According to FASAB, Entity Assets Are Defined as Those Assets