Which of the Following Items Would Not Appear in a Statement

question 14

Multiple Choice

Which of the following items would not appear in a statement of revenues, expenditures, and changes in fund balances prepared for a governmental fund?

• A) Depreciation expense.
• B) Interfund transfers in.
• C) Revenues from property taxes.
• D) Expenditures for employee salaries.

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Definitions:

Business Plan

A detailed document outlining the strategy, objectives, financial projections, and operational guidelines for a new or existing business.

Risks Involved

The potential negative consequences or uncertainties associated with actions, decisions, or activities that may lead to loss or undesirable outcomes.

Rigid Process

A fixed or inflexible procedure or set of rules that does not easily adapt to changes or exceptions.

Business Plan

A formal written document that describes in detail how a business, usually a new one, is going to achieve its goals and outlines the operational and financial strategies to accomplish them.