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The Ability to Recover from or Avoid the Serious Effects

question 263

Multiple Choice

The ability to recover from or avoid the serious effects of negative circumstances is called ___.


Definitions:

Depreciation Charges

The allocation of the cost of a tangible asset over its useful life to reflect its decrease in value over time.

GASB Statement No. 68

A standard issued by the Governmental Accounting Standards Board that establishes accounting and reporting requirements for pensions by state and local governments.

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