Which of the Following Statements Is True

question 45

Multiple Choice

Which of the following statements is true?

• A)The deferral method of accounting generally results in a lower level of revenue than the restricted fund method.
• B)The deferral method of accounting generally results in a higher level of revenue than the restricted fund method.
• C)The deferral method of accounting generally results in a higher level of revenue than the restricted fund method only if capital asset amortization is involved.
• D)The deferral method of accounting results in the same amount of revenue as the restricted fund method.