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In 1990, the GASB issued a statement requiring disclosure of certain _________ information by state and local governments that provided OPEB to their retirees.Select one:a.GAAPb.OPEBc.AICPAd.FASB

Question

In 1990, the GASB issued a statement requiring disclosure of certain _________ information by state and local governments that provided OPEB to their retirees.Select one:a.GAAPb.OPEBc.AICPAd.FASB

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Solution

The correct answer is a. GAAP. The Governmental Accounting Standards Board (GASB) issued a statement in 1990 requiring the disclosure of certain Generally Accepted Accounting Principles (GAAP) information by state and local governments that provided Other Post-Employment Benefits (OPEB) to their

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