Which of the Following Best Expresses the General Rule Regarding

question 39

Multiple Choice

Which of the following best expresses the general rule regarding the reporting of operating revenues,nonoperating revenues,and special items in the proprietary funds statement of revenues,expenses,and changes in fund net position?

• A)operating revenues,nonoperating revenues,and special items should be reported in separate sections of the statement.
• B)operating revenues,nonoperating revenues,and special items should be included in a single section,headed "Revenues and other gains."
• C)special items should be included as nonoperating revenues,but operating revenues and nonoperating revenues should be reported in separate sections of the statement.
• D)nonoperating revenues and special items should be netted against nonoperating expenses and reported as a single item,captioned "other."

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Definitions:

Exporting Jobs

The practice of relocating jobs and production facilities from one country to lower-cost or more efficient locations abroad, affecting the labor market in the country of origin.

Importing Products

Activities involving the bringing of goods or services from a foreign country into a domestic market.

Major Exports

Products or services that a country sells to others, which constitute a significant portion of its total exports and are crucial to its economy.

Production Resource Intensities

A term used to describe the amount of resources (labor, materials, energy) required to produce a specific good or service.