The Fayette Rodeo Museum is a nongovernmental not-for-profit organization and wishes to follow…

The Fayette Rodeo Museum is a nongovernmental not-for-profit organization and wishes to follow generally accepted accounting principles (GAAP). According to the museum’s accountant, the museum can follow either GASB or FASB standards. Do you agree with the accountant? Why or why not?View Solution:
The Fayette Rodeo Museum is a nongovernmental not for profit organization and