Which Item Is Not Included on the Government-Wide Statement of Activities

question 35

Multiple Choice

Which item is not included on the government-wide Statement of Activities?

• A) Revenues.
• B) Expenses.
• C) Assets.
• D) Operating grants.
• E) Capital contributions.

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Definitions:

Significant Variances

Large or meaningful differences between planned and actual figures in budgeting or accounting, requiring investigation.

Over Budget

Over budget refers to a situation where actual spending exceeds the planned or allocated amount for a particular budget category.

Budget

An estimate of income and expenditure for a set period of time, often used as a plan for financial operations.

Activity Base

A measure used for allocating costs to cost objects, typically related to the level of activity or volume of goods produced that incurs costs.