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Test Bank for Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck
Test Bank for Accounting for Governmental & Nonprofit Entities 19th Edition By 
Jacqueline Reck 
Version 1 2 
Student name:__________ 
1) Explain the essential differences between general purpose and special purpose 
governments and give several examples of each. 
2) Identify and explain the characteristics that distinguish governments and not-for-profit 
entities from business entities. 
3) GASB and FASB standards are concerned only with external financial reporting; 
whereas, FASAB standar...