Which of the Following Is True Regarding the Government-Wide Statement

question 12

Multiple Choice

Which of the following is true regarding the government-wide Statement of Activities?

• A) The government-wide Statement of Activities may reflect expenses either by function (general government, public safety, etc.) or by object or natural classification (salaries, supplies, etc.)
• B) The government-wide Statement of Activities is prepared using the modified accrual basis of accounting for governmental activities and using the accrual basis of accounting for business-type activities
• C) The government-wide Statement of Activities reflects all taxes as general revenues
• D) Indirect program expenses may not be allocated to the other functional areas

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Definitions:

Fluid Ounces

A unit of volume used mostly to measure liquids, differing slightly between the US and the UK systems.

Pharmacy

A place where drugs and medicines are prepared and dispensed by a pharmacist, also the science and practice of preparing and dispensing medical drugs.

Milliliters (mL)

A metric unit of volume equal to one-thousandth of a liter, commonly used to measure liquids.

Teaspoon (tsp)

A unit of measure typically used in cooking, equivalent to approximately 5 milliliters.