Which of the Following Is Not Required to Be Prepared

question 29

Multiple Choice

Which of the following is not required to be prepared for the General Fund according to GASB standards?

• A)budgetary comparison statement or schedule
• B)statement of revenues,expenditures,and changes in fund balance
• C)balance sheet
• D)all of the above are required

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Definitions:

Laterally Right

Describes a feature or movement that extends or shifts to the right side when observed from a specific point or reference.

Laterally Left

Moving or extending to the left side in a horizontal direction.

Spring Tide

A tide that occurs just after a new or full moon, when the difference between high and low tide is greatest due to the alignment of the Sun, Moon, and Earth.

Neap Tide

A tide with the least difference between high and low water levels, occurring when the sun and moon are at right angles to each other.