WCU D250 PA

WGU D250 PA Test Prep Who does the GASB set accounting and financial reporting standards for? -State and local government entities and governmentally related units and agencies Why is the traditional business model of accounting inadequate for governments and nonprofit organizations (NPOs)? -Governments and NPOs have different missions than businesses do. Which fiscal practice promotes the concept of interperiod equity? -Paying the current-year costs of an administrative staff out of cu...