A Measure of the Adequacy of the Amount of the Government's

question 11

Multiple Choice

A measure of the adequacy of the amount of the government's total unrestricted net position or deficit at the measurement date is:

• A) Unrestricted net position/total revenues.
• B) Business-type activities revenues/business-type activities expenses.
• C) Total net position (governmental activities and business-type activities) less total net position at the beginning of the year.
• D) Total revenues/total expenses.

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Definitions:

Universalization Test

A principle in ethics that evaluates the morality of actions based on their applicability to all individuals in similar situations.

Sarbanes-Oxley Act

A U.S. law enacted to protect investors by improving the accuracy and reliability of corporate disclosures.

Financial Reports

Detailed records of a company or organization's financial health, performance, and cash flows over a specific period.

Public Disclosure

The act of making information or data known to the public, especially in contexts requiring transparency and accountability.