Question: Various entities are all involved in delivering the same basic service education. For example, In the United States, educational services can be provided by

Various entities are all involved in delivering the same basic service — education. For example, In the United States, educational services can be provided by federal government entities, by non-federal government entities, by not-for-profit entities, and by for-profit entities. Are the accounting and financial reporting standards the same for each of these entities? Should they be the same?

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