GASB Standards Require That Governmental Fund Financial Statements Include Which

question 45

Multiple Choice

GASB standards require that governmental fund financial statements include which of the following?

• A) Balance sheet.
• B) Statement of activities.
• C) Statement of cash flows.
• D) Both Balance sheet and Statement of activities.

---

Definitions:

Probability Sample

A sampling method in which every member of the population has a known and non-zero chance of being selected for the study, allowing for generalized conclusions.

Voluntary Response Sample

A sampling method where participants self-select to be a part of a study, often leading to biased results due to the non-random nature of the sample choice.

Researcher Bias

Researcher bias refers to a systematic error introduced into sampling or testing by selecting or encouraging one outcome or answer over others, which can affect the validity and reliability of research findings.

Response Rate

The percentage of people who answer or participate in a survey or study compared to the total number surveyed.