Expenditures May Be Classified by Function, Activity, Object, or Organizational

question 18

Essay

Expenditures may be classified by function, activity, object, or organizational unit.Give an ex-ample of each classification for a municipality.Which classification is the most appropriate for
external financial reporting?

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Definitions:

Osteoclasts

Type of bone cell responsible for the breakdown and resorption of bone tissue, playing a crucial role in bone maintenance, growth, and repair.

Calcium

A chemical element, symbol Ca, essential for living organisms, particularly in cell physiology and bone formation.

Humerus

The humerus is the long bone in the upper arm, extending from the shoulder to the elbow.

Tibia

A large bone located in the lower leg, between the knee and the ankle, parallel to the fibula.