GASB Concepts Statement No

question 60

Multiple Choice

GASB Concepts Statement No.3,Communication Methods in General Purpose External Financial Reports that Contain Basic Financial Statements,states that

• A) notes to the financial statements may not include management's objective explanations.
• B) required supplementary information should be objective but may also include predictions or subjective assessments if management deems it necessary for understanding of the financial statements.
• C) disclosure in the notes is not an adequate substitute for recognition in the financial statements.
• D) All of the above are correct.

---

Definitions:

"EatMore" Drug

Description not specific to a recognized pharmacological substance or term - NO.

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Experimental Group

A group of subjects in an experiment who are exposed to the independent variable to assess its effect, compared to a control group.

Smallest Unit

The fundamental, indivisible particle or component of a system, often referring to cells in biology or atoms in chemistry.