Special-purpose governments that are engaged in more than one governmental activity are required to use the full reporting model including MD&A, government-wide and fund-basis statements, notes to the financial statements and RSI.
Answer the following statement true (T) or false (F)
True
Special-purpose governments that are engaged in both governmental and business-type activities or in more than one governmental activity are required to follow the full reporting model, including both government-wide and fund-basis financial statements. All special-purpose governments must present MD&A, notes and RSI when applicable.
You might also like to view...
A code in which the number of records for each respondent are the same, and the same data appear in the same columns for all respondents, is a ________
A) respondent code B) fixed-field code C) category code D) record code
What is the name for legal process by which a plaintiff can learn the location of a defendant's bank account?
A) garnishment B) debtor examination C) writ of seizure D) execution E) statement of claim
A manager who can see how the various tasks within the organization fit together and how each task contributes toward the "big picture" has strong
A. problem-solving skills. B. diagnostic skills. C. technical skills. D. conceptual skills. E. interpersonal skills.
A corporation reported cash of $14,700 and total assets of $179,000 on its balance sheet. Its common-size percent for cash equals:
A. 6.21%. B. 20.55%. C. 8.21%. D. 14.34%. E. 12.18%.