Extraordinary Items and Special Items Are Reported on the Government-Wide

question 51

Multiple Choice

Extraordinary items and special items are reported on the government-wide statement of activities.

• A) With normal recurring general revenues.
• B) As separate line items in the Function/Programs section of the statement of activities.
• C) As separate line items below General Revenues in the statement of activities.
• D) As separate line items above General Revenues.

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Definitions:

Anticipates

The act of expecting or predicting future events or needs before they actually occur, often allowing for proactive measures to be taken.

Retail Chain

A series of stores or outlets owned and operated by the same company, selling similar or identical merchandise to consumers.

Systematic Thinking

An approach to problem-solving that involves understanding and analyzing the relationships between parts of a system.

Integrated Fashion

A way of combining elements or systems so that they work together in a coherent and complementary manner.