Question: a . The GASB sets standards for all state and local governments b . The FASB sets standards for all business and not - for

a. The GASB sets standards for all state and local governments
b. The FASB sets standards for all business and not-for-profit entities
c. The FASB and GASB are administered by the Financial Accounting Foundation
d. The FASAB sets standards for the federal government and its agencies and departments

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