Which of the following is true regarding the government-wide Statement of Activities?
A) General revenues include items such as charges for services and program fees.
B) Fiduciary activities are included.
C) Both of the above.
D) Neither of the above.

Question

Quizplus · Accepted Answer

General revenues include tax revenues and those revenues that are not associated directly with a particular function or program. Service charges and program fees are revenues that can be directly associated with a particular function are deducted from the expenses for that function to arrive at a net expense or revenue.

Which of the Following Is True Regarding the Government-Wide Statement