According to GASB Concepts Statement No

question 70

Multiple Choice

According to GASB Concepts Statement No. 1, what are the three groups of primary users of external state and local governmental financial reports?

• A) The Securities Exchange Commission, the citizenry, and legislative and oversight bodies.
• B) The Securities Exchange Commission, legislative and oversight bodies, and investors and creditors.
• C) The Securities Exchange Commission, the citizenry, and investors and creditors.
• D) The citizenry, legislative and oversight bodies, and investors and creditors.
• E) The citizenry, management, and the Governmental Accounting Office.

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Definitions:

Appliance Stores

Retail outlets specializing in the sale of electrical or mechanical devices used in homes.

Microwaves

Electromagnetic waves with frequencies ranging from 300 MHz to 300 GHz, widely used in telecommunications, radar, and kitchen appliances for heating food.

Non-accidental Deaths

Refers to deaths resulting from causes other than accidents, such as diseases or intentional harm.

P-value

The chance of getting test outcomes that are as significant or more so than what was actually seen, assuming the null hypothesis is true.