In Order to Convert the Governmental Fund Statement of Revenues

question 2

Multiple Choice

In order to convert the governmental fund statement of revenues, expenditures, and changes in fund balances to a government wide statement of activities, which of the following activities is necessary?
1) Eliminate capital outlay expenditures
2) Reclassify revenues between program revenues and general revenues
3) Record bad debt expenses
4) Convert revenues from the economic flow of resources accrual basis to the current financial resources modified accrual basis

• A)1, 3, 4
• B)1, 2, 3
• C)1, 2, 3, 4
• D)1, 2, 4

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Definitions:

Teacher

A person who helps others acquire knowledge, competences, or values, often in an educational setting.

Neo-Freudians

Psychologists who accepted the basic foundations of Freud's theory but modified and expanded upon it to include social and cultural aspects.

Adler

Alfred Adler was an Austrian medical doctor and psychotherapist who is best known for founding the school of individual psychology.

Horney

A psychoanalyst known for her theories on neurosis, personal growth, and the concept of the "real self."