What Are the Criteria Outlined in GASB Statement 39 for Requiring

question 5

Essay

What are the criteria outlined in GASB Statement 39 for requiring public college foundations to be reported as discretely presented components in the college's financial reports?

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Definitions:

Activity Levels

The amount of effort or capacity utilized in the operations of a business, which can influence cost and operational efficiency.

Bonds Issued

The process of a corporation or government raising funds by selling bonds to investors.

At a Discount

Selling or buying something for less than its nominal or face value.

At a Premium

When a security is traded above its face value or nominal value.