Which of the Following Is True Regarding Financial Reporting of Governmental

question 125

Multiple Choice

Which of the following is true regarding financial reporting of governmental funds?

• A) Governmental funds include the General Fund, special revenue funds, capital projects funds, debt service funds, and permanent funds.
• B) The Fund Balance of governmental funds reports fund balance as reserved and unreserved.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Haptics

The study and use of touch as a means of communication, including gestures, body language, and the texture of materials.

Nonverbal Messages

Communication conveyed through means other than words, such as gestures, facial expressions, and body language.

Immediacy Behaviors

Nonverbal actions that communicate closeness, availability, and attention to others.

Nonverbal Status Symbols

Indicators of socio-economic position or professional status communicated without the use of words, such as clothing, accessories, or cars.