What Information Could a Financial Analyst Potentially Obtain by Reviewing

question 10

Multiple Choice

What information could a financial analyst potentially obtain by reviewing the statement of activities?

• A)whether the resources obtained during the year were sufficient to cover the cost of providing services
• B)whether services provided were sufficient for the government's constituencies
• C)the current financial condition of a government
• D)the current status of a government's assets and liabilities

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Definitions:

Felony

A felony is a serious criminal offense, typically involving violence, that is punishable by imprisonment for more than one year or by death.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 aimed at enhancing corporate governance and accountability, in response to financial scandals.

Securities Fraud

Deceptive practices in the securities markets, including false information, manipulation, or theft, intended to deceive investors or manipulate financial markets.

Computer Fraud and Abuse Act

A U.S. law that prohibits accessing a computer without authorization or in excess of authorization.