Which of the Following Is a Required Statement for a Governmental

question 18

Multiple Choice

Which of the following is a required statement for a governmental hospital?

• A) Statement of Changes in Fund Balance.
• B) Statement of Revenues and Expenditures.
• C) Statement of Functional Expense.
• D) Statement of Cash Flows.

---

Definitions:

Foreign Exchange

The system by which one currency is exchanged for another, enabling international transactions and trade.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.

Supply and Demand

Economic model that determines the price of a commodity in a market, based on the availability of the commodity (supply) and the desire for it (demand).

Francs

A former currency unit used in France and several other countries before the adoption of the euro, also still used in some parts of Switzerland and Liechtenstein.