Reporting Fund Financial Information in Separate Columns for Each Major

question 3

Multiple Choice

Reporting fund financial information in separate columns for each major fund and aggregate information for nonmajor funds

• A) Means that only those funds that meet the GASB's 10 percent and 5 percent rules are reported in separate columns.
• B) Is optional under GAAP,but is generally required by state laws for governments.
• C) Is the same manner of reporting used by business organizations.
• D) Is required by generally accepted accounting principles for state and local governments.

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Definitions:

Histogram Form

A graphical representation showing a visual impression of the distribution of data, using bars of different heights.

Frequency Histogram

A graphical representation of data that shows the number of observations within specified intervals.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies, which are the proportions or percentages, of data points in consecutive intervals.

Class Interval

A range of values within which data points in a dataset are grouped for the purposes of frequency distribution.