Which of the Following Is a Key Reason for Using

question 57

Multiple Choice

Which of the following is a key reason for using business-type accounting to account for proprietary fund activities?

• A) The modified accrual basis of accounting captures all the resources and obligations associated with an activity.
• B) Depreciation is not recognized in business-type accounting in governments and surveys of statement users indicate that information on depreciation is not of high priority to government decision makers.
• C) The measurement focus on all economic resources is more consistent with the GASB's objectives that financial reporting should provide information to help determine whether current-year revenues were sufficient to pay for current-year services.
• D) Business-type accounting facilitates comparisons with governmental activities.

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Definitions:

Critical Reflection

The process of analyzing, questioning, and evaluating experiences, ideas, and practices to gain deeper understanding and to facilitate learning and improvement.

Enduring Values

Principles or standards of behavior that are lasting and significant across time and cultures.

Refining Nursing Theory

The process of critically analyzing, evaluating, and enhancing nursing theories to improve their relevance, applicability, and coherence.

Testing Nursing Theory

Testing Nursing Theory involves the empirical examination and validation of theories in nursing to ensure their reliability and applicability in practice.