Which of the Following Is Not True Regarding GASB Concepts

question 105

Multiple Choice

Which of the following is not true regarding GASB Concepts Statement No.2,Service Efforts and Accomplishments Reporting:

• A) It encourages governments to experiment with reporting more complete information about an entity's performance than can be displayed in the traditional financial statements.
• B) It outlines categories of information that might be reported.
• C) It prescribes detailed standards governing the reporting of service efforts and accomplishments reporting.
• D) None of the above, all are true.

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Definitions:

Motive

A reason for doing something, especially one that is hidden or not obvious.

Subjective Plan

A course of action based on personal perspectives, feelings, or opinions rather than objective evidence or analysis.

Imperative

Something that is necessary or of great importance, often used in the context of commands or duties.

Maxim

A short, pithy statement expressing a general truth or rule of conduct.