Which Statement Is False Regarding the Statement of Revenues, Expenditures

question 34

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 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 non-major funds are combined and reported together.

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Definitions:

Protected Modifier

A keyword in object-oriented programming that restricts access to a member of a class to that class and its subclasses.

Derived Class

A class that inherits behavior and attributes from another class, known as the base class.

Base Class

A class from which other classes are derived.

Instance Variables

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