GASB Statement 39 Requires Most Public College Foundations to Be

question 38

True/False

GASB Statement 39 requires most public college foundations to be reported as discretely presented component units in the college's financial reports.

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Definitions:

Social Learning Theory

A theory that suggests people learn from one another, via observation, imitation, and modeling.

Behaviors

Actions, reactions, or mannerisms displayed by individuals or groups in response to stimuli or in various situations.

Forethought

The act of thinking or planning about the future beforehand.

Anticipate

To expect or predict something before it happens.