GASB Concepts Statement No

question 57

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.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease typically about an imminent event or something with an uncertain outcome.

Posttraumatic Stress Disorder

Posttraumatic Stress Disorder is a mental health condition triggered by a terrifying event, causing severe anxiety, flashbacks, and uncontrollable thoughts about the event.

Generalized Anxiety Disorder

A mental health disorder characterized by excessive and persistent worry about various aspects of life, not tied to any specific threat.

Nightmares

Disturbing dreams that cause the dreamer to feel a range of unsettling emotions, such as anxiety or fear, upon waking.