In Addition to Government-Wide Statements, GASB Statement No

question 26

Multiple Choice

In addition to government-wide statements, GASB Statement No.34 requires fund financial statements be included in the government's basic set of financial statements.The basic fund financial statements that should be included for fiduciary funds are

• A)the Balance Sheet and the Statement of Revenues, Expenditures, and Changes in Fund Balance.
• B)the Statement of Nets Assets, the Statement of Revenues, Expenses, and Changes in Fund Net Assets, and
• The Statement of Cash Flows.
• C)the Statement of Fiduciary Net Assets, and the Statement of Changes in Fiduciary Net Assets.
• D)the Balance Sheet, the Income Statement,
• The Statement of Cash Flows, and
• The Statement of Retained Earnings.

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Definitions:

Booker T. Washington

An influential African American educator, author, and advisor to several U.S. presidents, advocating for African American advancement through education and economic self-reliance.

White Racism

A belief or doctrine asserting the superiority of white people over people of other racial backgrounds, often manifesting in social, economic, and political systems.

Nuclear Weapons

Explosive devices that derive their destructive force from nuclear reactions, either fission or a combination of fission and fusion, posing significant threats to global security.

Berlin Wall

A fortified barrier that divided East and West Berlin from 1961 to 1989, symbolizing the Cold War's division of East and West Germany, and by extension the world.