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23 December, 14:17

The purpose of the FASAB is to: (A) Establish accounting standards for not-for-profit entities. (B) Establish accounting standards for Federal Government. (C) Establish accounting standards for all governmental entities. (D) Establish accounting standards for non-federal governmental entities.

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  1. 23 December, 18:17
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    The correct answer is B.

    Explanation:

    The FASAB (Federal Accounting Standard Advisory Board) is a commitee that develops accounting standards for U. S government agencies, not for not profit entities, for all governmental entities or non-federal governmental entities.
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