The Basis of Accounting Selected by or Imposed on a Government

question 38

Multiple Choice

The basis of accounting selected by or imposed on a government can influence which of the following?

• A) A decision to contract-out a specific service rather than provide that service itself.
• B) The amount of annual contribution to keep pension fully funded.
• C) The amount that is available to spend on a donor-specified project or service.
• D) All of the above.

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Definitions:

Testify

To provide evidence or bear witness in a court of law, often under oath.

Expert

A person with a high level of knowledge or skill in a particular area or field.

Metadata

Data that are automatically recorded by electronic devices on their hard drives and that provide information about who created a file and when, and who accessed, modified, or transmitted it. Metadata can be described as “data about data.”

Electronically

Refers to processes or transactions conducted via digital means or using electronic devices.