Which of the Following Is True Regarding the Statement of Revenues,Expenses

question 45

Multiple Choice

Which of the following is true regarding the Statement of Revenues,Expenses and Changes in Net Assets for a public college reporting as a special purpose entity engaged in business type activities only?

• A) The accrual basis of accounting is used to measure revenues and expenses.
• B) Encumbrances are recorded at the time purchase orders are issued.
• C) Both of the above are true.
• D) Neither of the above is true.

---

Definitions:

Floyd Allport

A pioneering figure in social psychology who emphasized the importance of studying individuals in social contexts.

Behaviourist

Pertaining to the school of thought in psychology focusing on observable behaviors and how they're learned through interaction with the environment.

Behaviourism

A branch of psychology that focuses on observable behaviors rather than internal processes such as thoughts and feelings.

Social Modelling

The process by which individuals learn behaviors, skills, and attitudes by observing and imitating the actions of others.