A Statement of Revenues, Expenditures, and Changes in Fund Balances-Budget

question 23

Multiple Choice

A statement of revenues, expenditures, and changes in fund balances-budget and actual is:

• A) Required by GAAP for the General Fund, special revenue funds, and all other governmental fund types for which an annual budget has been adopted.
• B) Required by GAAP for internal management reports only; not permitted for external financial reporting.
• C) Required by GAAP for all governmental fund types.
• D) Optional under GAAP, as long as a budgetary comparison schedule is presented.

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Definitions:

Customized Email Message

An email tailored to fit the interests or needs of the recipient, often including personalization.

Promoting Product

The act of raising awareness and increasing the visibility of a product through marketing efforts to boost its sales.

Subscribing

The act of agreeing to receive communications, typically emails or newsletters, from a source regularly.

Enclosure Or Link

Additional documents or files included with a letter or email, or a URL provided for accessing further information online.