Which of the Following Best Describes the Recommended Format for the Government-Wide

question 26

Multiple Choice

Which of the following best describes the recommended format for the government-wide statement of activities?

• A) Program revenues minus expenses minus other revenues and expenses equals change in net position.
• B) Program revenues plus general revenues minus expenses equals change in net position.
• C) Program revenues minus expenses plus general revenues equals change in net position.
• D) Expenses minus program revenues plus general revenues equals change in net position.

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Definitions:

Liking

A feeling of affection or fondness towards someone or something.

Suffered

Experienced or been subjected to something bad or unpleasant.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Underestimate

To judge something to be smaller or less important than it actually is.