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.

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Definitions:

Price Discounting

A strategy of reducing the selling price of goods or services to attract customers or drive sales volume.