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TEST BANK FOR ACCOUNTING FOR GOVERNMENTAL & NONPROFIT ENTITIES 17TH EDITION JACQUELINE RECK, SUZANNE LOWENSOHN, EARL WILSON
- Exam (elaborations) • 101 pages • 2024
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1. Special purpose governments generally provide a wider range of services to their 
residents than do general purpose governments. 
True False 
2. Examples of general purpose governments include cities, towns, and public schools that 
receive tax revenue to finance the services they provide. 
True False 
3. The Governmental Accounting Standards Board (GASB) is the body authorized to 
establish accounting principles for all state and local governments, both general purpose and 
special pur...
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