Based on the Organizations' Objectives, Which of the Following Government

question 30

Multiple Choice

Based on the organizations' objectives, which of the following government organizations can choose to report under the CICA PSA Handbook or IFRS?

• A)Other government organizations.
• B)Local governments.
• C)Government business enterprises.
• D)Government not-for-profit organizations.

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Definitions:

Payees

Individuals or entities to whom money is payable, often seen in the context of checks or promissory notes.

Negotiation

The process of discussing and arriving at a mutual agreement between parties, often involving compromise or conciliation.

Depositary Bank

A financial institution that holds and manages securities for its clients, facilitating the trading of these securities.

Payor Bank

The bank that is directed by a check or draft to pay a certain amount of money to the person or entity named on the check.