Which of the Following Statements Concerning the Reporting of Internal

question 13

Multiple Choice

Which of the following statements concerning the reporting of internal balances by a government at the end of its fiscal year is ?

• A) The internal balances amounts reported in the balance sheet columns represent activity among governmental funds.
• B) The internal balances amounts reported in the statement of net position columns represent activity between governmental activities and business-type activities.
• C) The internal balances amounts are reported in both the asset and liability sections on the statement of net position.
• D) The internal balances amounts reported represent the difference between interfund transfers in and interfund transfers out.

---

Definitions:

Problem-Solving

The process of identifying a problem, developing possible solutions, and taking the necessary steps to achieve a desired outcome.

Ambidextrous

The ability to use both hands with equal skill or ease in performing tasks.

Motor Skills

Skills that enable the movements and tasks we do on a daily basis, involving the coordination between muscles and the nervous system.

Cognitive Skills

The mental capabilities involved in processing information, understanding concepts, solving problems, and generating decisions.