The government-wide statement of activities includes all but which one of the following items?

Question

Quizplus · Accepted Answer

The government-wide statement of activities includes general tax revenues, charges for services, and expenses of governmental activities, but not proceeds from the sale of bonds. Proceeds from the sale of bonds are considered financing sources and are reported in other financial statements, not in the statement of activities.

The Government-Wide Statement of Activities Includes All but Which One