Note: This Is a Kaplan CPA Review Question

question 37

Multiple Choice

Note: This is a Kaplan CPA Review Question
Under GASB 34, capital assets and non-current debt are:

• A) reported in the government-wide statement of net assets.
• B) reported in the fixed asset and long-term debt group of accounts.
• C) reported in the governmental funds balance sheet.
• D) no longer reported under GASB 34.

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Definitions:

Internal Validity

The extent to which a study can demonstrate a causal relationship between variables, minimizing the influence of external factors.

Independent Variable

A variable that is manipulated or changed in an experiment to observe its effects on a dependent variable.

Dependent Variable

In experimental research, the variable that is observed and measured to determine the effect of the independent variable, reflecting outcomes or changes.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.