Which of the Following Is a Key Reason for Using

question 13

Multiple Choice

Which of the following is a key reason for using business-type accounting to account for proprietary fund activities?

• A)The modified accrual basis of accounting captures all the resources and obligations associated with an activity.
• B)Depreciation is not recognized in business-type accounting in governments and surveys of statement users indicate that information on depreciation is not of high priority to governmental decision makers.
• C)The measurement focus on all economic resources is more consistent with the GASB's objectives that financial reporting should provide information to determine whether current-year revenues were sufficient to pay for current-year services.
• D)Business-type accounting facilitates comparisons with governmental activities.

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Definitions:

Reluctant

Showing hesitation or unwillingness to do something.

Weekly Schedules

A plan that outlines appointments, tasks, and activities arranged by days of the week, assisting in time management and organization.

Clinical Medical Assistants

Allied health professionals who work in a clinical setting, performing a variety of tasks including patient care, administrative duties, and laboratory services.

Providers

Refers to individuals or organizations that supply or make available services or goods, often used within the context of healthcare to denote medical professionals or institutions.