When a Governmental Entity Adopts a Basis of Accounting Other

question 22

Multiple Choice

When a governmental entity adopts a basis of accounting other than full accrual and a measurement focus that excludes long-lived assets and liabilities in its governmental fund types:

• A)It is in violation of the law.
• B)It is in violation of GAAP.
• C)It has reported in accordance with GAAP for governmental fund financial statements.
• D)It has the ability to better measure the results of operations.

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Definitions:

Federal Financing

The process by which the federal government funds its operations, programs, and projects, often through taxation, borrowing, and printing of money.

National Woman's Party

An American women's organization founded in 1916, focused on advocating for women's suffrage and equal rights through aggressive lobbying and public protest tactics.

Constitutional Amendment

A formal change or addition proposed and ratified according to the processes established in a constitution, altering the document's text.

Sex-based Labor Legislation

Laws and regulations designed to address and rectify inequalities in the workplace that arise from differences in gender; often intended to protect women from discrimination and exploitation.