Which of the following is true about service efforts and accomplishments
reporting (SEA reporting) under GASB Concepts Statements?

SEA reporting is required for all state and local governments
with more than $100 in total assets.
SEA reporting is more appropriate for governmental
business-type activities than for government-type activities.
The objective of SEA reporting is to provide more
complete information about a governmental entity?s
performance than can be provided in traditional financial
statements and schedules.SEA reporting is particularly important to investors
and creditors.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Detailed Ans... View the full answer