PLEASE ANSWER ALL THREE QUESTION

(three questions)

D. None of the above 13. The Governmental Accounting Standards Board sets financial reporting standards for all units of government: federal, state, and local. True or False? 28. Which of the following must be done to convert modified accrual basis to accrual basis? A. Record capital assets B. Change expenditures for debt service principal to reduction of liabilities C. Make adjustments to revenues to convert to the full accrual basis of revenue recognition D. All of the above 29. A state college follows guidelines. guidelines while a private nonprofit college follows A. GASB, FASB B. FASB, GAO C. FASB, GASB D. GAO, FASB