Under GASB Standards, Where Are Nonmajor Funds Reported

question 57

Multiple Choice

Under GASB standards, where are nonmajor funds reported?

• A) In the management's discussion and analysis preceding the financial statements.
• B) In aggregate amounts in a single column in the fund financial statements.
• C) In a note disclosure following the financial statements.
• D) In the government-wide financial statements.

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Definitions:

Scleroderma

A group of autoimmune diseases that cause the skin and connective tissues to harden and tighten.

Melanocytes

Cells located in the basal layer of the epidermis that produce melanin, the pigment responsible for skin color.

Hematocrit

A measurement of the proportion of blood that is made up of red blood cells, usually expressed as a percentage.

Hyperpigmentation

A condition where patches of skin become darker in color than the surrounding skin, due to excess melanin.