In Governmental Accounting,emphasis Is Placed On

question 13

Multiple Choice

In governmental accounting,emphasis is placed on:

• A)Total assets owned by the governmental entity.
• B)Generating income from funds employed.
• C)Expenditures of funds.
• D)The flow of funds through the income statement.

---

Definitions:

FICA Medicare

Part of the U.S. payroll tax, specifically aimed at funding Medicare, a federal health insurance program for people aged 65 and older, and some younger individuals with disabilities.