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.

---

Definitions:

Circular Saw

A power tool that uses a toothed or abrasive disc or blade to cut different materials using a rotary motion spinning around an arbor.

Sleep Physiologist

A healthcare professional specializing in the study and treatment of sleep disorders and the overall effects of sleep on human health.

Sleep Reduction

The practice or phenomenon of decreasing the amount of sleep one gets, which can have various motivations and implications for health and performance.

Optimal Health

A state of complete physical, mental, and social well-being, not just the absence of disease or infirmity.