In Order to Convert the Governmental Fund Statement of Revenues

question 10

Multiple Choice

In order to convert the governmental fund statement of revenues, expenditures, and changes in fund balances to a government wide statement of activities, which of the following activities is necessary? 1)
Eliminate capital outlay expenditures
2)
Reclassify revenues between program revenues and general revenues
3)
Record bad debt expenses
4)
Convert from Economic flow of resource method of account to current financial resources modified accrual based accounting

• A) 1, 3, 4
• B) 1, 2, 3
• C) 1, 2, 3, 4
• D) 1, 2, 4

---

Definitions:

Deserts

Extremely dry areas of land with sparse vegetation, characterized by receiving less than 25 centimeters (10 inches) of precipitation per year.

Earth's Land Surface

The solid surface layer of the Earth, as opposed to the ocean or sky; includes continents and islands.

Desert Insects

Insects adapted to survive in desert environments with extreme conditions such as high temperature and low moisture.

Body Covering

The outer protective layer or surface of an organism, such as skin in humans, feathers in birds, or fur in mammals.