Which of the Following Is True Regarding the Government-Wide Statement

question 47

Multiple Choice

Which of the following is true regarding the government-wide Statement of Activities?

• A) In the government-wide Statement of Activities, "special items" are those items that are both unusual and infrequent and are not under the control of management.
• B) Transfers between governmental and business type activities are eliminated and do not appear on the government-wide Statement of Activities.
• C) The Statement of Activities includes depreciation expense.
• D) Taxes levied, including those restricted to a particular purpose, are reported as program revenue.

---

Definitions:

Positive Correlation

A statistical relationship between two variables where an increase in one variable is associated with an increase in the other variable.

Influential Observations

Data points that have a significant impact on the result of a statistical analysis, potentially skewing the outcome.

Simple Linear Regression

A method in statistics that models the relationship between two variables by fitting a linear equation to the observed data.

Least-squares Regression Line

A straight line that best models the relationship between a dependent and independent variable by minimizing the sum of the squares of the vertical distances of the points from the line.