Which item is not included on the government-wide Statement of Activities?
A) Revenues.
B) Expenses.
C) Assets.
D) Operating grants.
E) Capital contributions.

Question

Quizplus · Accepted Answer

The government-wide Statement of Activities focuses on revenues, expenses, operating grants, and capital contributions, but not on assets, which are reported on the Statement of Net Position.

Which Item Is Not Included on the Government-Wide Statement of Activities