On the Statement of Revenues, Expenditures, and Changes in Fund

question 59

Multiple Choice

On the statement of revenues, expenditures, and changes in fund balance for governmental funds, how are capital outlays reported?

• A) As a separate line item in the expenditures section of the statement.
• B) Capital outlays are allocated to the functional areas, much like depreciation.
• C) As a separate line item in the other financing sources (uses) section of the statement.
• D) Below net change in fund balances, but before beginning fund balance.

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Definitions:

Pharynx

A muscular tube that connects the mouth and nasal passages to the esophagus and larynx, serving both the respiratory and digestive systems.

Pulmonary Fibrosis

A lung disease characterized by damage and scarring of lung tissue, leading to severe breathing difficulties.

Emphysema

A long-term, progressive lung disease that primarily causes shortness of breath due to the over-inflation of the alveoli (air sacs in the lungs).

Cystic Fibrosis

A genetic disorder affecting the exocrine glands, leading to thick mucus buildup in the lungs and digestive tract.