Jaron Is an Overweight Five-Year-Old

question 161

Multiple Choice

Jaron is an overweight five-year-old. If his experience is typical of children in the United States, we can expect Jaron to be:

• A) slimming down by age 14 but overweight as an adult.
• B) obese at age 14 and overweight as an adult.
• C) overweight at age 14 and in adulthood.
• D) overweight at age 14 but then slimming down in young adulthood.

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Definitions:

Governmental Fund Financial Statements

Financial reports that detail the financial position and results of operations for the governmental funds of a public entity.

Modified Accrual

An accounting method that combines elements of both cash and accrual accounting, recognizing revenues when they become available and measurable and expenses when incurred.

Capital Assets

Long-term assets such as buildings, land, or equipment, which are used in the operations of a business and are not intended for sale in the regular course of business.

CAFR

Comprehensive Annual Financial Report; a set of government financial statements that goes beyond the requirements of generally accepted accounting principles, including details on all funds and activities.