The GASB does not require supplementary information to be reported with its financial statements even if it is essential to establish appropriate context for the financial statements and notes. A. True. B. False

Question

Urijah Macdonald

Social Studies

20 June, 19:23

The GASB does not require supplementary information to be reported with its financial statements even if it is essential to establish appropriate context for the financial statements and notes. A. True. B. False

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Answers (1)

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Sanaa Coleman · Answer 1

The answer is letter B. False

Explanation:

Because the GASB does require supplementary information to be reported with its financial statements even if it is essential to establish appropriate context for the financial statements and notes. Although certain supplementary information may not be required, if presented, it must follow GASB guidance regarding its format and content.