Which of the Following Financial Statements Is Not Required by OMB

question 57

Multiple Choice

Which of the following financial statements is not required by OMB Circular A-136?

• A) Statement of budgetary resources.
• B) Statement of cash flows.
• C) Balance sheet.
• D) Statement of changes in net position.

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Definitions:

Latent Learning

Learning that remains hidden until its application becomes useful.

Creativity

The process of solving problems by combining ideas or behavior in new ways.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group which can impair their performance.

Confirmation Bias

The tendency to search for evidence that fits one’s beliefs while ignoring any evidence that does not fit those beliefs.