Under GASB Standards, If a Government Only Has Six Governmental

question 37

Multiple Choice

Under GASB standards, if a government only has six governmental funds and two enterprise funds how many basic financial statements would it prepare?

• A) Five.
• B) Six.
• C) Seven.
• D) Nine.

---

Definitions:

Households

Units of people living together, which can be composed of family members, roommates, or individuals, sharing domestic responsibilities and possibly resources.

Women-Headed

Refers to families or organizations led by women.

Myths

Consist of traditional stories, especially those concerning the early history of a people or explaining natural or social phenomena, and typically involving supernatural beings or events.

Research Found

A phrase indicating discoveries or conclusions derived from systematic investigation or study.