Under GASB Statement No. 34, a government-wide financial statement should include a:
A) statement of revenues & and expenses.
B) statement of activities.
C) statement of financial position.
D) notes to the financial statements.

Question

Quizplus · Accepted Answer

GASB Statement No. 34 requires government-wide financial statements to include a statement of activities, which reports on the revenues and expenses of the government as a whole.