Which of the Following Is Are Accurate Regarding a Federal

question 81

Multiple Choice

Which of the following is are accurate regarding a federal agency's Statement of Net Costs?

• A) Net costs reported on the Statement of Net Costs may differ from those appearing in the Statement of Changes in Net Position, since the latter are measured on the budgetary basis.
• B) The Statement of Net Costs provides greater detail about the cost of the Agency's programs, but agrees in total net cost reported on the Statement of Changes in Net Position
• C) Both a and b above
• D) Neither a nor b above

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Definitions:

Allocate Goods

The process of distributing resources or products to where they are needed or can be used most effectively.

Nonconsenting Third Parties

Individuals or groups affected by a transaction between other parties without their explicit agreement or participation.

Nonexcludable

A characteristic of a good or service that prevents the owner from effectively excluding others from using it, often associated with public goods.

Nonrival-in-consumption

A property of certain goods where one individual's consumption does not diminish the ability of others to consume the same good.