The GASB Provides Three Criteria for Determining If a Fiduciary

Multiple Choice

The GASB provides three criteria for determining if a fiduciary relationship exists. Which of the following four is not one of the three criterion listed by the GASB?

A) The assets are controlled by the government.
B) The government is not to be involved in administrative decision-making concerning the fund assets.
C) The assets related to the activity of the fund were not generated by the government's exchange or nonexchange revenues.
D) The government does not receive any benefit from the assets in the fund.