The GASB Has the Responsibility for Establishing Financial Accounting Standards

question 7

Multiple Choice

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.

---

Definitions:

Business Document

A written piece of work used in a professional setting, such as reports, memos, proposals, or emails, that conveys information or arguments.

Photographs

Images captured by a camera that represent moments or scenes, often used for documentation, art, or memory preservation.

Disability

A physical or mental condition that significantly limits one or more major life activities, including mobility, communication, or learning.

Physical Impairment

A condition that limits a person's physical abilities or mobility.