Which of the Following Characteristics Are Emphasized in the Accounting

question 24

Multiple Choice

Which of the following characteristics are emphasized in the accounting for state and local government entities?
I.Revenues should be matched with expenditures to measure success or failure of the government entity.
II.There is an emphasis on expendability of resources to accomplish objectives of the governmental entity.

• A)I only
• B)II only
• C)I and II
• D)Neither I nor II

---

Definitions:

Assessing the Field

The act of evaluating the current state, dynamics, and prospects within a particular area or domain of interest.

Experience

The process of gaining knowledge or skill from doing, seeing, or feeling things.

Creating

The act of producing something new through imaginative skill, whether physically or conceptually.

Increase Awareness

The process of becoming more conscious or knowledgeable about one's own thoughts, feelings, or experiences.