GASB Requires Which of the Following If Applicable to Be

question 76

Multiple Choice

GASB requires which of the following if applicable to be included in the Notes to
Financial Statements?

• A) Outstanding encumbrances
• B) The definition of cash and cash equivalents used in the statement of cash flows for proprietary funds.
• C) Interfund receivables and payables.
• D) All of the above.

---

Definitions:

Jury

A group of citizens convened to render an impartial verdict (a finding of fact on a question) officially submitted to them by a court, or to set a penalty or judgment.

Litigation Strategy

A planned approach to legal proceedings, outlining the steps to be taken to achieve a specific outcome.

Complaint

A formal statement expressing dissatisfaction or alleging a wrong done, often leading to legal action to seek remedy or resolution.

Relief

Relief in a legal context refers to the remedy or compensation sought by a plaintiff or granted by a court to redress a legal wrong or enforce a right.