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:

Authority

The legitimate power or right to give orders, make decisions, and enforce obedience, often associated with a position or role in an organization or society.

Anxiety Disorders

Mental health disorders characterized by significant feelings of anxiety and fear, affecting an individual's ability to perform daily activities.

Population

Refers to the total number of individuals inhabiting a particular area or country.

Percentage

A mathematical term representing a number or ratio expressed as a fraction of 100.