Question: 15. Please answer both parts correctly for a thumbs up :) The Government-wide Statement of Activities a. Includes deferred revenue b. Does not inculde interest

15. Please answer both parts correctly for a thumbs up :)

The Government-wide Statement of Activities

a.

Includes deferred revenue

b.

Does not inculde interest expense related to general government long-term debt

c.

Includes Investment Trust Fund revenues

d.

Includes both Program revenues and General revenues

16.

The Comprehensive Annual Report

a.

Includes Major Fund Reporting for all three fund groups

b.

Includes 3 sections: Introductory, Financial, and Capital Investments

c.

Is not part of GASB's minimum requirements for SLG year-end exteranl financial reporting in accordance with GAAP

d.

Is not recommended by GASB to be prepared by SLGs

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