Revenue and Expense on a Government-Wide Statement of Activities for a Municipality

question 9

Multiple Choice

Revenue and expense on a government-wide statement of activities for a municipality should be measured on a(n)

• A) cash basis.
• B) modified accrual basis.
• C) accrual basis.
• D) reconciliation basis.

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Definitions:

Elaborative Strategy

A cognitive technique involving the expansion of information by linking it to existing knowledge, enhancing memory and learning.

Sternberg's Inteligences

Refers to Robert Sternberg's Triarchic Theory of Intelligence, which defines intelligence in terms of analytical, creative, and practical components.

Encoding

The process by which information is transformed into a form that can be stored in memory.

Triarchic

Governed by three. Descriptive of Sternberg’s view that intellectual functioning has three aspects: analytical intelligence, creative intelligence, and practical intelligence.