Which of the Following Statements Is not correct

question 91

Multiple Choice

Which of the following statements is not correct?

• A) Transactions between funds of the same government may not be assumed to be arms' length in nature.
• B) Most interfund transactions are eliminated in the government-wide statements
• C) Interfund reimbursements are classified as other financing sources or uses
• D) Interfund transfers are classified as other financing sources or uses

---

Definitions:

Price Elasticity

An indicator of the sensitivity of demand for a product to variations in its price, represented as a percentual change.

Small Percentage

A quantitatively minor proportion or fraction of a total amount, often implying a negligible or minor impact.

Cross-Price Elasticity

An indicator of the variance in the demand for a specific item as a result of fluctuations in the cost of a different product.

Chipotle Burritos

A type of Mexican-inspired dish offered by the Chipotle fast-food chain, consisting of a flour tortilla filled with various ingredients such as meat, beans, rice, vegetables, and sauces.