GASB 34 Established Four Types of Interfund Activities

question 65

Short Answer

GASB 34 established four types of interfund activities.Interfund activities are recognized as revenue in a governmental fund for an:

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Definitions:

Treatment

The process of providing medical care or therapy to address illness, injury, or disorder.

Genetic Discoveries

Groundbreaking findings in the field of genetics that reveal insights into the functioning of genes and their impact on health, behavior, and disease.

Flushing Response

A physiological reaction some individuals experience where their face, neck, and sometimes chest become red and warm, often as a result of emotional stress or alcohol consumption.

David McClelland

A psychologist known for his work on motivation theory, particularly the concept of achievement motivation.