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What Are the Criteria Outlined in GASB Statement 39

question 87

Essay

What are the criteria outlined in GASB Statement 39:
Determining Whether Certain Organizations Are Component Units for requiring public college foundations to be reported as discretely presented components in the college's financial reports?


Definitions:

Work Effort

The amount of physical or mental energy put into a job or task to achieve a certain output or performance level.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Motivational Process

The psychological mechanisms that direct an individual’s intensity, direction, and persistence of effort towards attaining a goal.

Rewards Or Punishments

The use of positive reinforcement or penalties to influence behavior.

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