FASAB Requires That Federal Agencies Capitalize Certain Assets

question 36

Multiple Choice

FASAB requires that federal agencies capitalize certain assets. Which of the following assets should be capitalized?

• A) Stewardship assets such as national parks and national forests.
• B) Assets such as weapons systems and space exploration equipment.
• C) Heritage assets that have only historical, artistic, or cultural significance.
• D) Human capital.

---

Definitions:

Carbon-Carbon Bonds

The covalent bond between two carbon atoms in a molecule, forming the backbone of organic compounds.

π Bond

A type of covalent bond between atoms that results from the sideways overlap of p orbitals, allowing for electron sharing.

Rings

Cyclic molecules in chemistry that consist of a series of connected atoms forming a closed loop.

Hydrogenating

The process of adding hydrogen to a molecule, usually in the presence of a catalyst, to reduce double or triple bonds to single bonds.