The Minimum Amount of Detail Permitted by GAAP for Governmental

question 62

Multiple Choice

The minimum amount of detail permitted by GAAP for governmental fund expenditure classifications in the basic financial statements is by

• A) Fund.
• B) Function (or program).
• C) Fund and function (or program).
• D) Fund, function (or program), organizational unit, and activity.

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Definitions:

Affectionate Love

A type of love that is deep and caring, often characterized by physical closeness, emotional support, and personal intimacy.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Explicit Racism

Direct and overt expressions of racist attitudes, beliefs, or actions towards individuals or groups based on their race or ethnicity.

Implicit Racism

Subtle and often unconscious racial biases that affect attitudes, beliefs, and behaviors towards people of different races.