Under GASB Statement 34, Capital Assets

question 20

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

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Definitions:

Witness Statement

The written record of the statements made by a witness during an interview, signed by the witness.

Deposition

A witness's sworn, out-of-court testimony used for discovery purposes or in preparation for trial.

Investigation Plan

A plan that lists each step involved in obtaining and verifying facts and information relevant to the legal problem being investigated.

Investigation Objectives List

A targeted compilation of goals and questions that direct the course of an inquiry or investigation, aiming to guide research or discovery efforts systematically.