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:

Psychological Disorders

Mental health conditions characterized by significant disturbances in thoughts, feelings, or behaviors.

Population

The total number of organisms, humans, or objects of interest within a specified area or amongst a particular group being studied or counted.

Personally Distressing

Experiencing discomfort or distress on a personal level due to specific circumstances or conditions.

Helplessness

A psychological state where an individual perceives they have no control over their situation, leading to decreased motivation and ability to manage future situations.