Question

The Financial Accounting Standards Board (FASB) is the body authorized to establish accounting principles for all colleges and universities and health care entities.

a. True
b. False

Answer 1

The given statement is "False".

Step-by-step explanation:

• The agency or institution including all businesses, profit-oriented accept or reject, once again to create accountability guidelines, is determined as FASB.
• These are predicated on the notion that sometimes business, as well as the profession of investment products, function efficiently when there is trustworthy, succinct, as well as straightforward contact reporting.

Thus the above is the correct answer.