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GFOA Exam CPFO Topic 11 Question 73 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 73
Topic #: 11
[All CPFO Questions]

FASB (Financial Accounting Standards Board) is a ____________ organization and controlled and supported by a ______________, Financial Accounting Foundation.

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Suggested Answer: A

by Angella at Aug 08, 2023, 08:08 PM

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Yan
2 months ago
Okay, gotta think this through step-by-step. Private, non-profit organization controlled by a foundation - that's option B, got it.
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Glenna
2 months ago
Hah, if the FASB was a governmental organization, they'd probably make even more confusing accounting standards than they already do!
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Leandro
29 days ago
C) Non-Profit Organization, Governmental Organization.
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Gretchen
1 months ago
Hah, if the FASB was a governmental organization, they'd probably make even more confusing accounting standards than they already do!
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Stevie
1 months ago
B) Private Organization, Non-Profit Organization.
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Mary
1 months ago
A) Governmental Organization, Non-Profit Organization.
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Letha
2 months ago
Wait, I thought the FASB was a government organization. This is trickier than I expected.
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Yolande
29 days ago
C) Non-Profit Organization, Governmental Organization.
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Elbert
1 months ago
B) Private Organization, Non-Profit Organization.
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Alaine
2 months ago
A) Governmental Organization, Non-Profit Organization.
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Noemi
2 months ago
The FASB being a private, non-profit organization controlled by the Financial Accounting Foundation makes a lot of sense. That's definitely the correct answer.
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Silva
2 months ago
That's definitely the correct answer.
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Dana
2 months ago
Yes, it is controlled and supported by the Financial Accounting Foundation.
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Felton
2 months ago
I agree, the FASB being a private, non-profit organization makes sense.
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Meghann
3 months ago
Yes, FASB is a non-profit organization and supported by Financial Accounting Foundation.
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Giuseppe
4 months ago
I agree with Lilli, FASB is indeed a non-profit organization.
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Lilli
4 months ago
I think FASB is a non-profit organization.
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