The Public Sector Accounting Board (PSAB)has Identified a Number of Characteristics

question 9

Multiple Choice

The Public Sector Accounting Board (PSAB) has identified a number of characteristics that differentiates governmental reporting from private sector reporting. Which of the following is one of those characteristics?

• A)The government's goal is to make a surplus.
• B)The focus of governmental capital spending is to maximize returns.
• C)Tangible capital assets are viewed differently by governments.
• D)Governments have limited debt capacity.