• TRUE OR FALSE
• 1.)Thegovernmentwidefinancialstatementsmustincludeabalancesheet.
• 2.)GASBrequiresfundbalancestobereportedasrestrictedwhenconstraintsareplacedontheuseofresourceseitherexternallyimposedbycreditorsorthoseimposedbytaxpayers.
• 3.)GASBdoesnotrequirebudgetarycomparisonsintheRSIinformationforthefinancialstatements.
• 4.)GASBdoesnotrequirethenotestofinancialstatementstoaddresssignificantsubsequentevents.
• 5.)Capitalassetsrelatedtospecificproprietaryfundsshouldbeaccountedforinthegovernmentwidestatementsonly.
• 6.)Amajordifferencebetweenfundstatementsandproprietarystatementsisthetreatmentoftransactionsthatimpactcashbalancesinthebank.
• 7.)Agencyfundstakeinmoniesthatareusedtoinvestinordertomakethefundaprofit.
• 8.)Thebasiccriterionusedtodeterminethereportingentityforagovt.unitisitsgeographicalboundaries.
• 9.)TheSummaryofthe990includesintheActivitiesandGovernance,atotalforunrelatedbusinessexpenses.
• 10.)Non-Profitorganizationsusethreebasicfinancialstatementsandmodifiedaccrualaccounting.

PLEASE PROVIDE SOURCES FOR EACH ANSWER OR PROOF THAT IT IS THE CORRECT ANSWER. The better the sources / explanation, the better the tip