Which of the Following Are Nonauthorative Sources That a Government

question 38

Multiple Choice

Which of the following are nonauthorative sources that a government may use if the government if the accounting treatment of a transaction is not addressed in one of the authoritative sources?

• A) GASB Concept Statements
• B) GASB Technical Bulletins
• C) Literature of the American Institute of Certified Public Accountants AICPA) specifically cleared by the GASB
• D) GASB Implementation Guides

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Definitions:

Mutually Exclusive

Characteristics of events that cannot occur at the same time within a single experiment or trial.

Sample Space

The set of all possible outcomes or results in a probability experiment.

Random Experiment

An experiment or process for which the outcome cannot be predicted with certainty ahead of time, involving random variables.

Mutually Exclusive

refers to events that cannot occur at the same time in a probabilistic experiment.