Which of the Following Is/are Reporting Requirements in Funds-Based Statements

question 16

Multiple Choice

Which of the following is/are reporting requirements in funds-based statements under GASB Statement No.34?

• A)​the statements highlight major funds and aggregate non major funds into one column
• B)​provide detailed information about short term spending and fiscal compliance
• C)​separate funds based statements are required for governmental, proprietary, and fiduciary funds
• D)​All of the above

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Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of mental health conditions and criteria for their diagnosis.

Psychological Disorders

Mental or behavioral patterns that cause significant distress or impairment in social, occupational, or other important areas of functioning.

Epigenetics

Scrutiny of the ways in which altering the expression of genes affects organisms, disregarding changes to the genetic code.

Medical Model

A theory of illness that suggests diseases are caused by identifiable physical factors and should be treated through medical intervention.