Which Item Is Not Included on the Government-Wide Statement of Activities

question 35

Multiple Choice

Which item is not included on the government-wide Statement of Activities?

• A) Revenues.
• B) Expenses.
• C) Assets.
• D) Operating grants.
• E) Capital contributions.

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Definitions:

Cash Outflow

Money going out of a business in the form of payments, including expenses, investments, and other financial obligations.

Common Stock

Shares representing ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends or stock price appreciation.

Investing Activity

Financial transactions involving the purchase and sale of long-term assets and investments.

Loan Collection

The process of obtaining payment from borrowers on outstanding loans.