GASB Standards Provide Particular Guidance for the Use of Special

question 125

True/False

GASB standards provide particular guidance for the use of special revenue funds. Specifically, the standards require that special revenue funds be used only if a substantial portion of the resources are provided by one or more restricted, committed or assigned revenue sources.

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Definitions:

Tsar Peter the Great

A Russian emperor of the late 17th and early 18th centuries, known for extensive reforms in an attempt to establish Russia as a great nation.

Beard Tax

A historical form of taxation imposed by certain governments on men who had beards, used as a means of raising revenue.

Public-Order Crimes

Acts that are criminalized because they are considered to violate societal norms or values, rather than directly harm individuals.

Social Control Theory

A sociological theory suggesting that people's relationships, commitments, values, norms, and beliefs encourage them not to break the law.