Under GASB Standards, Where Are Nonmajor Funds Reported

question 57

Multiple Choice

Under GASB standards, where are nonmajor funds reported?

• A) In the management's discussion and analysis preceding the financial statements.
• B) In aggregate amounts in a single column in the fund financial statements.
• C) In a note disclosure following the financial statements.
• D) In the government-wide financial statements.

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Definitions:

Nation-States

Politically sovereign entities characterized by a defined territory, permanent population, a government, and the capacity to enter into relations with other states.

Disjunctures

Points of disruption or disconnection in societal, cultural, or technological systems, where expected flows or relationships are broken.

George Ritzer

George Ritzer is an American sociologist known for his work on consumerism, globalization, and the theory of McDonaldization, which describes the increasing rationalization of society.

"Nonplaces"

Spaces that do not hold enough significance to be regarded as "places," such as airports, highways, and shopping malls, as defined by anthropologist Marc Augé.