For What Funds Do Budgetary Comparisons Need to Be Presented

question 12

Multiple Choice

For what funds do budgetary comparisons need to be presented in connection with the basic financial statements?

• A) General Fund.
• B) General Fund and all major funds.
• C) All governmental funds with legally adopted annual budgets.
• D) General Fund and major special revenue funds for which a budget is legally adopted.

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Definitions:

Adolescence

Adolescence is the transitional stage from childhood to adulthood, characterized by physical, psychological, and emotional changes, typically occurring between ages 10 and 19.

Middle Childhood

A developmental stage that typically covers the age range from 6 to 12 years, marked by significant growth in cognitive, physical, and social domains.

Physical Activities

Physical activities involve movements that increase heart rate and energy expenditure, maintaining or improving physical fitness and health.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, or performing daily tasks.