GASB Requires Both Extraordinary and Special Items to Be Reported

question 49

True/False

GASB requires both extraordinary and special items to be reported separately after other financing sources and uses in the general and special revenue fund financial statements.

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Definitions:

Cognitive Psychologists

Professionals who study mental processes such as perception, memory, thinking, and problem-solving.

Prevention Programs

Initiatives designed to stop problems or illnesses from occurring by addressing their root causes or risk factors.

Independent Self-Construals

An individual's conception of themselves as distinct from others, characterized by a focus on personal goals and values over group identity.