the governmental accounting standards board is assigned responsibility for setting accounting
PLAY. State and local government entities and governmentally-related units and agencies, such as utilities, authorities, hospitals, and colleges and universities. The approach is based on the principle that leases are financings of the right to use an underlying asset. AccountingQ&A LibraryThe Governmental Accounting Standards Board is assigned responsibility for setting accounting and financial reporting standards for Multiple Choice Governments such as federal agencies, states, cities, counties, villages, and townships. Terms in this set (25) The Governmental Accounting Standards Board is assigned responsibility for setting accounting and financial reporting standards for. Governments; such as federal agencies, states, cities, counties, villages, and townships. The Governmental Accounting Standards Board is assigned responsibility for setting accounting and financial reporting standards for A.

Governments such as federal agencies, states, cities, counties, villages, and townships. In June 2017, the GASB established new guidance that establishes a single approach to accounting for and reporting leases by state and local governments. The Governmental Accounting Standards Board is assigned responsibility for setting accounting and financial reporting standards for. A. A.
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