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

question 33

Multiple Choice

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

• A) The Statement of Activities includes depreciation expense.
• B) Transfers between governmental and business type activities are eliminated and do not appear on the government-wide Statement of Activities.
• C) In the government-wide Statement of Activities, "special items" are those items that are both unusual and infrequent and are not under the control of management.
• D) Taxes levied for specific functions may be reported as program revenue.