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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