The Most Common Difference Between Funds-Based and Government-Wide Financial Statements

question 36

Multiple Choice

The most common difference between funds-based and government-wide financial statements is

• A)​government-wide statements of activities show operating data by function
• B)​government-wide statements of activities use a format that differs from proprietary funds statements of revenues
• C)​interfund payables and receivables must be eliminated in the preparation of the statement of activities
• D)​all of the above

---

Definitions:

Heart Rate

The number of heartbeats per unit of time, typically measured in beats per minute (bpm), indicating cardiovascular health and physical conditioning.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, typically measured to assess heart health.

Dopamine

A neurotransmitter that plays a key role in motivation, pleasure, and reward in the brain.

Parent-Child Relationships

The unique and enduring bond between a caregiver and their offspring that is vital to the developmental process of the child.