Per GASB Standards, Governments Do Not Report General Capital Assets

question 2

True/False

Per GASB standards, governments do not report general capital assets or depreciation in governmental funds.

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Definitions:

Cognitive Dissonance

An uncomfortable inconsistency among one’s actions, beliefs, attitudes, or feelings. People attempt to reduce it by making their actions, beliefs, attitudes or feelings more consistent with one another.

Hostile Manner

Behavior characterized by aggression, antagonism, or unfriendliness toward others.

Hispanic Neighbor

Describes a person from a Spanish-speaking background living in close proximity to others in a neighborhood.

Implicit

Something that is implied or understood though not directly expressed.