Which Statement Is False Regarding the Statement of Revenues,Expenditures,and Changes

question 14

Multiple Choice

Which statement is false regarding the Statement of Revenues,Expenditures,and Changes in Fund Balance when it is included with government-wide financial statements?

• A)The Statement of Revenues,Expenditures,and Changes in Fund Balance uses the modified accrual method for timing purposes.
• B)The Statement of Revenues,Expenditures,and Changes in Fund Balance presents revenues as either program revenues or general revenues.
• C)A presentation reconciles the the change in governmental fund balance to the change in net assets for governmental activities.
• D)Other financing sources are presented on the Statement of Revenues,Expenditures,and Changes in Fund Balance.
• E)All nonmajor funds are combined and reported together.

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Definitions:

Box Plots

A graphical representation of the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

Outliers

Outliers are data points that differ significantly from other observations, potentially indicating a measurement variation or error.

Symmetrical

A characteristic of a shape or distribution where one half is a mirror image of the other half, usually about a central point or axis.

Unimodal Distribution

A type of distribution that has a single peak or mode, showing one predominant frequency of data points.