Under the GASB Statement No.34 reporting model for governmental entities, the focus of the government-wide Statement of Activities is on which of the following?

Question

Quizplus · Accepted Answer

The government-wide Statement of Activities under GASB Statement No. 34 focuses on the net cost of each of the government's main functions and programs, showing how much of the cost is covered by program revenues and how much needs to be covered by general revenues.