Which of the Following Is not true Regarding the Statement

question 69

Multiple Choice

Which of the following is not true regarding the Statement of Revenues, Expenses and Changes in Net Position for a public college?

• A) The accrual basis of accounting is used to measure revenues and expenses.
• B) Encumbrances are recorded at the time purchase orders are issued.
• C) Depreciation expense is recorded.
• D) All of the above are true.

---

Definitions:

Trailer Service Signal Circuit

A circuit in a vehicle's electrical system designed to control the indicator signals used in trailer towing.

Tractor Protection Valve

A safety valve in air brake systems that prevents air loss in the tractor, preserving air for control of the trailer's brakes.

Secondary Circuit

In electrical systems, a secondary circuit is a part of the circuit that is downstream from the transformer or another isolation device, which operates at a lower voltage than the primary circuit.

Tandem Drive Axle

A configuration involving two drive axles placed in line with each other, used in heavy vehicles to support more weight and improve traction.