GASB Statement No

question 29

Multiple Choice

GASB Statement No.72 requires the following investments to be recorded at fair value except

• A) Participating interest-earning investment contracts.
• B) Equity securities with readily determinable fair values.
• C) Debt securities.
• D) Nonparticipating interest-earning investment contracts.

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Definitions:

Global Surveillance

Global Surveillance refers to the mass monitoring and collection of data and communication by governments or organizations from individuals worldwide, often for purposes of national security or intelligence gathering.

Telecommunication Companies

Businesses that provide services related to communications, such as telephone, internet, and cable services, often through a network of satellites and cables.

BBC

The British Broadcasting Corporation, a public service broadcaster in the United Kingdom known for providing news, education, and entertainment.

Government Approval

A formal endorsement by a relevant authority to allow policies, projects, or activities to proceed.