Which Line Item Does Not Properly Appear in the Statement

question 3

Multiple Choice

Which line item does not properly appear in the Statement of Revenues,Expenditures,and Changes in Fund Balance (operating statement) of a governmental fund?

• A)expenditures--debt service
• B)expenditures--capital outlay
• C)property taxes receivable
• D)beginning fund balance

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Definitions:

MNE

A Multinational Enterprise (MNE) is a company that owns and controls production or service facilities outside of the country in which it is based.

Forms

Documents with blank spaces for the insertion of details or information, often used for official purposes.

Tariffs

Taxes imposed on imported and, less commonly, exported goods with the aim of regulating trade, raising government revenue, or protecting domestic industries.

Domestic Industries

Industries within a country’s borders that produce goods and services for the local market.