Which of the Following Would Be Reported on the Operating

question 8

Multiple Choice

Which of the following would be reported on the operating statement of a governmental fund?

• A) The liability for the annual obligation to the employee retirement plan.
• B) Depreciation expense.
• C) Resources received for services to be provided in future periods.
• D) Revenue related to prior periods.

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Definitions:

Fictive

Pertaining to or characterized by creativity or imagination, often used to describe relationships that are socially acknowledged but not based on blood or marriage.

Purely Cultural

Aspects or practices of society that are entirely based on social habits, beliefs, and learned behaviors rather than biological or material necessities.

Black, White

Terms often used to describe contrasting categories, including racial identities, moral perspectives, or simplistic extremes in various contexts.

Twa Pygmy

An indigenous people of central Africa, known for their short stature and traditionally hunter-gatherer lifestyle.