GASB Requires Which of the Following If Applicable to Be

question 76

Multiple Choice

GASB requires which of the following if applicable to be included in the Notes to
Financial Statements?

• A) Outstanding encumbrances
• B) The definition of cash and cash equivalents used in the statement of cash flows for proprietary funds.
• C) Interfund receivables and payables.
• D) All of the above.

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Definitions:

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Contemporary Organizations

Refers to modern companies or entities characterized by flexible structures, innovative cultures, and adaptation to technological advancements.

Computer-Mediated Meetings

Meetings conducted over digital platforms using computers and the internet to facilitate communication.

Web Portals

Websites that provide gateways or entry points to a wide range of resources and services on the internet, often catering to specific interests or needs.