According to the guidance of GASB Concepts Statement 3, financial information can be communicated by recognition in the financial statements, disclosure in the notes to the financial statements, presentation as required supplementary information, or presentation as supplementary information.

Question

Quizplus · Accepted Answer

This statement is true according to GASB Concepts Statement 3. Financial information can be communicated through recognition, disclosure, required supplementary information, or supplementary information.

According to the Guidance of GASB Concepts Statement 3, Financial