Which of the Following Should Be Reported in the Statement

question 54

Multiple Choice

Which of the following should be reported in the statement of revenues, expenditures, and changes in fund balance of a General Fund?

• A) A short-term loan to another governmental fund.
• B) A long-term loan to another governmental fund.
• C) Repayment of a short-term loan from a bank.
• D) Repayment of a long-term loan from a bank.

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Definitions:

Labor Relations

Labor relations is the field and practice concerning the management of relationships between employers and employees, including collective bargaining, labor rights, and dispute resolution.

Efficiency

The effectiveness with which resources are used to achieve goals and objectives, often evaluated in terms of output per unit of input.

Equity

The concept of fairness and justice in the distribution of wealth, opportunities, and privileges within a society.

Voice

The ability or opportunity for individuals or groups to express opinions and influence decisions that affect them.