Which of the following is the most significant item of information that a financial analyst might obtain by reviewing the statement of revenues, expenses, and changes in net position?

Question

Quizplus · Accepted Answer

Proprietary funds prepare a statement of revenues, expenses, and changes in net position. They use the economic resources measurement focus and accrual basis of accounting, which allows them to report on the costs of providing services. Remember, an expense is a cost expired.

Which of the Following Is the Most Significant Item of Information