According to GASB 34,restricted Net Position include those that are the results of constraints imposed by law through constitutional provisions or enabling legislation.

Question

Quizplus · Accepted Answer

According to GASB 34, restricted Net Position includes those that are the results of constraints imposed by law through constitutional provisions or enabling legislation. This is stated in the GASB Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments.

According to GASB 34,restricted Net Position Include Those That Are