GASB Requires Which of the Following to Be Reported Separately

question 81

Multiple Choice

GASB requires which of the following to be reported separately after other financing sources and uses in the Statement of Revenues, Expenditures, and Changes in Fund Balance?

• A) Special items.
• B) Extraordinary items.
• C) Interfund transfers.
• D) A and B

---

Definitions:

Disposable Income

The envelope of funds available to households for the purposes of saving and spending after adjusting for income taxes.

Consumption

The use of goods and services by households for personal needs or to maintain their standard of living.

Autonomous Consumption

Consumption spending that occurs even when income is zero, representing the basic level of consumption necessary for survival.

Disposable Income

The monetary provision for households post the calculation of income taxes dedicated to saving and spending.