Which Statement Is False Regarding the Statement of Revenues, Expenditures

question 29

Multiple Choice

Which statement is false regarding the Statement of Revenues, Expenditures, and Other Changes in Fund Balance when it is included with government-wide financial statements?

• A) The Statement of Revenues, Expenditures, and Other Changes in Fund Balance uses the modified accrual method of accounting.
• B) The Statement of Revenues, Expenditures, and Changes in Fund Balance presents revenues as either program revenues or general revenues.
• C) A presentation reconciles the change in governmental fund balance to the change in net position for governmental activities.
• D) Other financing sources are presented on the Statement of Revenues, Expenditures, and Other Changes in Fund Balance.
• E) All non-major funds are combined and reported together.

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Definitions:

Humour

A quality that makes something laughable or amusing; often used to lighten the mood or enhance communication.

Monotonous Writing

Writing that is dull and repetitive, lacking in variety and interest.

Impersonal Journalism

A style of journalism that focuses on factual reporting without the inclusion of the writer's personal opinions or emotions.

Attire

Clothing or outfit, often chosen to suit a particular occasion, role, or standard.