Which of the Following Is a Valid Argument for Separate

question 16

Multiple Choice

Which of the following is a valid argument for separate accounting principles for proprietary activities?

• A) Two separate measurement focuses and bases for accounting within the same set of financial statements are confusing.
• B) There are no clear-cut distinctions between business and non-business activities.
• C) The measurement focus on all economic resources is more consistent with the GASB's objectives that financial reporting should provide information to help determine whether current-year revenues were sufficient to pay for current-year services.
• D) Surveys of statement users indicate that information on depreciation is not of high priority to government decision makers.