Different sets of accounting and reporting concepts, principles, and standards have evolved for state and local governments,

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Different sets of accounting and reporting concepts, principles, and standards have evolved for state and local governments, nonprofit organizations, and business enterprises.
Given the differences between and among them, how can they all be considered "generally accepted accounting principles"?

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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