Which of the Following Items Are Typically Reported Differently Between

question 28

Multiple Choice

Which of the following items are typically reported differently between the governmental fund statements and the Governmental Activities column of the government-wide statements?

• A) Capital outlays.
• B) Cash collected on property taxes receivable.
• C) Accounts payable and other accrued expenses.
• D) Inventories.

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Definitions:

Psychological

Relates to the mental processes and emotional state of an individual or group.

Collateral Characteristics

Attributes or features that are parallel or supplementary to the main qualities or aspects of something or someone.

Personal Qualities

The characteristics, traits, or attributes that define an individual’s personality or demeanor.

Integrally Involved

Being essential or fundamental to the entirety of a process, activity, or existence.