GASB Statement No

question 26

Multiple Choice

GASB Statement No.34 requirements for the reporting for general fixed assets include

• A)​the use of account groups
• B)​reporting general fixed assets as a major fund
• C)​general fixed assets will be included only in the government wide financial statements
• D)​report general fixed assets as a component unit

---

Definitions:

Frotteurism

A paraphilic interest involving the act of touching or rubbing against a non-consenting person for sexual arousal.

Resolution Phase

The fourth phase in the sexual response cycle, characterized by relaxation and a decline in arousal following orgasm.

Sexual Response Cycle

The general sequence of behavior and feelings that occurs during sexual activity, consisting of desire, excitement, orgasm, and resolution.

Resolution Phase

The stage in a process, particularly in conflict resolution or the sexual response cycle, where tensions diminish and a return to normalcy begins.