For Fund Financial Statements, the Measurement Focus and Basis of Accounting

question 38

Multiple Choice

For fund financial statements, the measurement focus and basis of accounting used by governmental fund types are

• A)current financial resources and modified accrual accounting.
• B)economic resources and modified accrual accounting.
• C)financial resources and full accrual accounting.
• D)economic resources and full accrual accounting.

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Definitions:

Conditioned Stimulus

A stimulus that was once neutral but triggers a conditioned response after being associated with an unconditioned stimulus.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, which can become a distressing disorder when excessive.

Unconditioned Stimulus

In conditioning, a stimulus that naturally and automatically triggers a response without prior learning.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.