According to GASB Statement 34,restricted Net Assets Are Those That

question 89

Multiple Choice

According to GASB Statement 34,restricted net assets are those that are the result of constraints from:

• A) Imposed by law though constitutional provisions
• B) Imposed by enabling legislation
• C) Imposed by creditors or grantors
• D) All of the above

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and help people understand the difference between right and wrong, often serving as a company's or individual’s ethical compass.

Company's Values

The core principles and ethical standards that guide the behavior, decisions, and actions within a business organization.

Values Education

The educational process by which individuals develop moral and ethical values.

Instant Gratification

The urge to immediately satisfy cravings for enjoyment or satisfaction.