Which of the following types of organizations may be subject to FASB jurisdiction?
A) A state hospital.
B) A college or university.
C) A public school district.
D) A public sanitation district.

Question

Quizplus · Accepted Answer

Colleges and universities may be subject to FASB jurisdiction if they are considered to be business-type activities. State hospitals, public school districts, and public sanitation districts are typically government entities subject to GASB jurisdiction.

Which of the Following Types of Organizations May Be Subject