Revenue and Expenses on a Government-Wide Statement of Activities for a Municipality

question 23

Multiple Choice

Revenue and expenses on a government-wide statement of activities for a municipality should be measured on a(n)

• A)cash basis.
• B)modified accrual basis.
• C)accrual basis.
• D)reconciliation basis.

---

Definitions:

An Out-group

A sociological term for groups an individual does not belong to or identify with, often viewed with indifference or hostility.

Reference Group

A group that provides a standard of comparison against which we evaluate ourselves.

Digital Age

The current era characterized by the widespread use of digital technology, internet, and information systems transforming society and communications.

New Technology

Refers to the introduction of novel tools, systems, or devices that advance or improve capability in any field.