GASB 34 Requires Budgetary Comparison Schedules

question 22

Multiple Choice

GASB 34 requires budgetary comparison schedules

• A) Be reported for the general fund and each major special revenue fund with a legally adopted budget.
• B) Be reported for all proprietary funds.
• C) Be reported for the permanent funds.
• D) Should not be reported.

---

Definitions:

Zero-Factor Property

The rule stating if a product of two or more factors is zero, at least one of the factors must be zero.

Equation

A pronouncement in mathematics asserting the equivalence of two expressions.

Factored Form

An expression represented as the product of its factors.

Constructed Figure

A geometric shape that is drawn or created using specific rules or tools.