GASB requires which of the following to be reported separately after other financing sources and uses in the Statement of Revenues, Expenditures, and Changes in Fund Balance?

Question

Quizplus · Accepted Answer

Extraordinary and special items are reported separately after other financing sources and uses on the Statement of Revenues, Expenditures and Changes in Fund Balance. Extraordinary items are significant transactions or other events that are both unusual and infrequent. Special items are significant transactions or other events that are either unusual or infrequent but within the control of management.

GASB Requires Which of the Following to Be Reported Separately