In its statement of activities, a county government reports general government expenses of $420 million. In the governmental funds operating statement, general government expenditures are $341 million. Which cost item would be least likely to account for the discrepancy between these two numbers?

Question

Quizplus · Accepted Answer

Interfund loans are not typically recorded as expenses or expenditures in governmental accounting, so they are least likely to account for the discrepancy between the expenses and expenditures reported.

In Its Statement of Activities, a County Government Reports General