All of the Following Are Elements of the Statement of Financial

question 44

Multiple Choice

All of the following are elements of the statement of financial condition for state and local governments with the exception of:

• A)Assets and Liabilities
• B)Deferred inflow and outflow of resources
• C)Net position
• D)Inflow and outflow of resources

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Definitions:

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A set of principles that applies differently and usually more rigorously to one group of people or circumstances than to another.

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Sexuality

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Social Identity

An individual's sense of who they are based on their group memberships, such as religious affiliation, nationality, and social class.