The Modified Accrual Basis of Accounting Is Used in Presenting

question 13

Multiple Choice

The modified accrual basis of accounting is used in presenting the fund financial statements of the governmental funds because

• A)it is the superior method of accounting for the economic resources of any entity.
• B)it provides information as to the extent the entity achieved interperiod equity.
• C)it is budget oriented while facilitating comparisons among entities.
• D)it results in accounting measurements based on the substance of transactions.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Chemical Structure

The arrangement of atoms in a chemical substance and the chemical bonds that hold those atoms together, determining the substance's properties.

Sensory Adaptation

The process by which the sensitivity to a stimulus declines if the stimulus is presented for an extended period of time.

Stimulus

Any event or situation that evokes a response from an organism.