If a State Law Requires That Local Governments Prepare General

question 43

Multiple Choice

If a state law requires that local governments prepare General Fund and special revenue fund budgets on a basis that differs from the basis of accounting required by generally accepted accounting principles (GAAP) :

• A) The actual amounts in the budgetary comparison schedule should be reported using the government's budgetary basis.
• B) The actual amounts in the budgetary comparison schedule should be reported on the GAAP basis.
• C) Both the budgeted and actual amounts in the budgetary comparison schedule should be reported on the GAAP basis; a separate budget-basis comparison schedule should be prepared for the appropriate state oversight body.
• D) Only a budgetary comparison schedule prepared for the appropriate state oversight body is required.

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Definitions:

Cross-Situational Consistency

The extent to which an individual's behavior remains consistent across different situations and contexts.

Trait Approach

A theoretical framework in personality psychology that focuses on the identification and measurement of specific, stable characteristics that differentiate individuals.

Trait Psychologists

Psychologists who study and categorize human personalities based on identifiable traits and characteristics.