What Does GPRA Stand For

question 5

Multiple Choice

What does GPRA stand for?

• A)General Process of Reinventing America
• B)Government and Presidential Reformation Act
• C)Government Performance and Results Act
• D)Governmental Performance and Results Awards

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Definitions:

Horizontal Analysis

Also known as trend analysis, it compares financial statements line items over several periods to identify changes and trends.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Statement Of Income

A financial statement that shows a company’s revenues, expenses, and profit or loss over a specific time period, often quarterly or annually.

Continuing Operations

Activities and processes that are not scheduled to be discontinued or sold off, representing the ongoing, primary business activities of an entity.