GASB 34 Established Four Types of Interfund Activities

question 8

Multiple Choice

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

• A)Option A
• B)Option B
• C)Option C
• D)Option D

---

Definitions:

Half-Life

The time required for half of the atoms in a radioactive sample to decay, transforming into different atoms or into a lower energy state.

Half-Life

The time required for a quantity to reduce to half its initial amount, commonly used in describing the decay of radioactive materials.

Half-Life

The time required for half the quantity of a radioactive substance to undergo decay, also used in broader contexts to describe any type of exponential decay.

Half-Life

The time required for one half of the atoms of a radioactive substance to disintegrate into more stable materials.