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1-
Read the following details of the organization and based on their characteristics, identify a government unit:
a- An organization that protects and cares sick animals using donations from the subscribers
b-An organization that provides cleaning services to local city using public funds
c-An organization that provides health services for nominal charges using donations from doners
d-An organization that brings awareness about environmental protection and recycling using subscriptions from subscribers
2-
Generally accepted accounting principles established by FASB are not applicable for:
I. State owned hospitals
II. International school
III. Private airline company
IV. Public university
a-II and III only
b-II and IV only
c-II, III and IV only
d-I and IV only
Answer & Explanation
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