Under the GASB Statement No. 34 reporting model, the focus of the government-wide statement of activities is on which of the following?
A) Program revenues and general revenues.
B) Program revenues and expenses.
C) Net income.
D) The net cost of each of the government's main functions and programs.

Question

Under the GASB Statement No. 34 reporting model, the focus of the government-wide statement of activities is on which of the following? 
A) Program revenues and general revenues.
B) Program revenues and expenses.
C) Net income.
D) The net cost of each of the government's main functions and programs.

Quizplus · Accepted Answer

The Answer of Under the GASB Statement No. 34 reporting model, the focus of the government-wide statement of activities is on which of the following? 
A) Program revenues and general revenues.
B) Program revenues and expenses.
C) Net income.
D) The net cost of each of the government's main functions and programs.