GASB Concepts Statement No

question 82

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 include management's objective explanations
• B) Required supplementary information must be objective and may not include predictions or subjective assessments
• C) Disclosure in the notes is not an adequate substitute for recognition in the financial statements
• D) All of the above are correct