Under GASB Standards, If a Government Only Has Six Governmental

question 37

Multiple Choice

Under GASB standards, if a government only has six governmental funds and two enterprise funds how many basic financial statements would it prepare?

• A) Five.
• B) Six.
• C) Seven.
• D) Nine.

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Definitions:

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for protecting human and environmental health.

Implementation Costs

Expenses associated with putting a plan, policy, or system into operation, including the costs of acquiring necessary materials, technology, and training.

Massachusetts v. EPA

A landmark Supreme Court case in which Massachusetts sued the Environmental Protection Agency for failing to regulate carbon dioxide and other greenhouse gases as pollutants.

Vehicle Emission Standards

Regulations that set specific limits on the amount and type of pollutants that can be emitted by vehicles to reduce air pollution.