The Regulatory Body Overseeing Disclosures for Governmental Organizations Is

question 32

Multiple Choice

The regulatory body overseeing disclosures for governmental organizations is

• A)Government Accounting Standards Board
• B)Government Accounting Standards Commission
• C)Governmental Financial Reporting Board
• D)Governmental Financial Reporting Commission
• E)Governmental Taxation Standards Board

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Definitions:

Negotiable Instrument

A written, signed document that promises payment of a specified sum of money to the bearer or a named party.

Pay To The Order

A directive on a negotiable instrument, such as a check, indicating that the designated amount should be paid to the entity or person specified.

Drawer

The person who writes or issues a check, draft, or bill of exchange, thereby creating an obligation to pay.

Payee

The individual or entity to whom money is payable, typically the recipient of a check or electronic payment.