Item$11$

$2$

points

Time Remaining $1$ hour $21$ minutes $56$ seconds$01$:$21$:$56$

Item $11$

Time Remaining $1$ hour $21$ minutes $56$ seconds$01$:$21$:$56$

Which of the following is true regarding the government$-$wide Statement of Activities?

Multiple Choice

Separate rows are presented for major government functions and business$-$like activities.

The government$-$wide Statement of Activities reflects most taxes as program revenues.

The government$-$wide Statement of Activities is prepared using the modified accrual basis of accounting for governmental activities and using the accrual basis of accounting for business$-$type activities.

The government$-$wide Statement of Activities may reflect expenses either by function $($general government, public safety, etc.$)$ or by object or natural classification $($salaries$,$ supplies, etc.$).$