GASB requires which of the following if applicable to be included in the Notes to
Financial Statements?
A) Outstanding encumbrances
B) The definition of cash and cash equivalents used in the statement of cash flows for proprietary funds.
C) Interfund receivables and payables.
D) All of the above.

Question

Quizplus · Accepted Answer

Any event that is significant to understanding and interpreting the financial statements should be described in the notes. Outstanding encumbrances, the definition of cash and cash equivalents used in the statement of cash flows for proprietary funds, interfund receivables and payables would all be required.

GASB Requires Which of the Following If Applicable to Be