Unformatted text preview: unds statements ar e enter ed di r ectl y to the busi nesstype acti vi ti es
secti ons of the gover nmentwi de statements wi thout adjustment. B) Gover nmentwi de statements ar e consol i dated, wi thi n col umns. C) Both of the above. D) Nei ther of the above. P oints Earned: 1.0/1.0 Correct Answer(s): C 5.
A gover nment r epor ted another f i nanci ng sour ce i n the amount of $600,000 r el ated to the sal e of
l and i n i ts gover nmental f unds Statement of Revenues, Expendi tur es, and Changes i n Fund
Bal ances. The l and had a cost of $170,000. The amount that woul d be r epor ted i n the gover nment
wi de Statement of Acti vi ti es woul d be
A) a gai n of $ 770,000. B) a gai n of $ 600,000. C) a gai n of $ 430,000 D) a gai n of $ 170,000 P oints Earned: 1.0/1.0 Correct Answer(s): C 6.
A gover nment's Statement of Revenues, Expendi tur es, and Changes i n Fund Bal ances r epor ted
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- Spring '13
- Revenue, Correct Answer, Lalit Modi, net assets, Expendi tur es, gover nmental acti