The Largest U

question 28

Multiple Choice

The largest U.S. state ------ by population is Phoenix, Arizona.

• A) ​capital
• B) ​capitol

Compare and contrast the financial reporting methods and characteristics of government entities and business enterprises.

Explain the significance of budget numbers in government financial statements and their impact on evaluating financial results.

Understand the definition and reporting of government organization control and controlled entities.

Recognize the methods used for impairment testing of tangible capital assets in government entities.