Under GASB Statement 34,capital Assets

question 87

Multiple Choice

Under GASB Statement 34,capital assets:

• A) must be reported in government-wide statements but are not reported in any of the fund financial statements.
• B) must be reported in government-wide statements and in proprietary fund financial statements.
• C) are not to be reported in either government-wide or fund financial statements.
• D) are to be reported but not depreciated in government-wide and fund financial statements.

Recognize the basic principles of membrane potential and its impact on neuron function.

Identify the characteristics and implications of action potentials in neurons.

Describe the functions and properties of ion channels and their role in neuron activity.

Understand the mechanisms underlying synaptic transmission and the types of synapses.

---

Definitions:

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.

Unlimited Liability

A legal structure in which business owners are personally responsible for all of the company's debts.

Limited Partnership

A limited partnership is a form of business ownership where there are one or more general partners, who manage the business and are personally liable for its debts, and one or more limited partners, who invest money but have limited liability and do not participate in management.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two levels, such as corporate profits taxed at both the corporate and individual shareholder levels.