Which of the following is true regarding the government-wide Statement of Activities?
A) The Statement of Activities includes depreciation expense.
B) Transfers between governmental and business type activities are eliminated and do not appear on the government-wide Statement of Activities.
C) In the government-wide Statement of Activities, "special items" are those items that are both unusual and infrequent and are not under the control of management.
D) Taxes levied for specific functions may be reported as program revenue.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is true regarding the government-wide Statement of Activities?
A) The Statement of Activities includes depreciation expense.
B) Transfers between governmental and business type activities are eliminated and do not appear on the government-wide Statement of Activities.
C) In the government-wide Statement of Activities, "special items" are those items that are both unusual and infrequent and are not under the control of management.
D) Taxes levied for specific functions may be reported as program revenue.

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