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

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Definitions:

Time Horizon

The length of time over which an investment is expected to be held or a financial goal is to be achieved.

Standard Deviation

A measure of the dispersion or variability in a dataset, commonly used in finance to assess the volatility of an asset's returns over time.

Volatility

is a statistical measure of the dispersion of returns for a given security or market index, often used as a measure of risk.

Normal Distribution

A probability distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.