Which of the Financial Statements Described Below Is Prepared by the General

question 19

Multiple Choice

Which of the financial statements described below is prepared by the general fund of a state or local government?

• A)A statement of cash flows.
• B)An income statement.
• C)A statement of revenues,expenses,and changes in retained earnings.
• D)A statement of revenues,expenditures,and changes in fund balance.

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Definitions:

Order And Authority

Concepts referring to the organized, structured aspects of society and the legitimate power or right to give commands and enforce rules.

Conscientious

Describes a person who is diligent, well-organized, dependable, and responsible.

Scrupulous

Being very attentive to details and concerned about doing things precisely correct, often with a strong sense of moral integrity.

Oedipus Complex

A concept in psychoanalytic theory which describes a child's feelings of desire for the opposite-sex parent and jealousy and rivalry with the same-sex parent.