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goji.go goji.go
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Posts: 5977
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9 years ago
The Governmental Accounting Standards Board (GASB) establishes financial reporting standards for state and local governmental entities.  An entity possessing the following characteristics should follow GASB standards:
      a.   The power to enact and levy a tax.
      b.   The power to issue debt, for which its interest is exempt from federal taxation.
      c.   The potential that a government could unilaterally dissolve the entity and assume their assets and liabilities.
      d.   All of the above.
      e.   Only a and b.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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