GASB Requires Both Extraordinary and Special Items to Be Reported

question 122

True/False

GASB requires both extraordinary and special items to be reported separately after other financing sources and uses in the General and Special Revenue fund financial statements

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Definitions:

Organized

refers to the characteristic of being systematic and efficient in arrangement or function.

Brain Scans

Imaging tests such as MRI or CT scans used to examine the structure or function of the brain.

Personality

The unique set of emotional, thought, and behavioral patterns that define an individual’s personal style and influence their interactions with the environment.

Extraversion

A personality trait characterized by outgoingness, high energy, and an active engagement with the external world.