Which of the Following Items Would Not Be Reported on the Financial

question 62

Multiple Choice

Which of the following items would not be reported on the financial statements of a special revenue fund?

• A)Long-term productive assets.
• B)Expenditures and revenues.
• C)Vouchers payable and unreserved fund balance.
• D)Fund balance reserved for encumbrances and expenditures.

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Definitions:

Goods

Tangible products that are produced, bought, or sold, thereby contributing to an economy's exchange of value.

Services

Activities or benefits provided by one party to another which are intangible and do not result in ownership.

Employment Patterns

The trends or general tendencies in how people are employed, including permanency, sectors of employment, work hours, and conditions.

Charles Handy

A renowned Irish author and philosopher specializing in organizational behavior and management.