AFP
CTP · Question #839
(Topic 9) What is the authoritative accounting standard-setting body for state and local governments, public schools, state universities, and other government-affiliated agencies?
The correct answer is C. Governmental Accounting Standards Board. See the full explanation below for the reasoning.
Question
- (Topic 9)
What is the authoritative accounting standard-setting body for state and local governments, public schools, state universities, and other government-affiliated agencies?
Options
- AFinancial Accounting Standards Board
- BFinancial Accounting Foundation
- CGovernmental Accounting Standards Board
- DGovernmental Accounting Standards Foundation
How the community answered
(49 responses)- A8% (4)
- B16% (8)
- C73% (36)
- D2% (1)
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