1. The “budget” as adopted by Congress
   1. Includes receipts and disbursement of both Social Security and U.S. Postal Service accounts
   2. Is similar to those of state and local governments in that it includes estimates of all revenues and expenditures
   3. Coverage is on a full accrual basis
   4. Is essentially a series of 11 or 12 appropriation measures
      
2. 
   
3. Which of the following is not a required element of federal government‐wide statements?
4. 1. Management’s discussion and analysis
   2. Descriptions of stewardship assets
   3. A schedule comparing actual with anticipated nonmonetary performance measures
   4. A statement that shows, by major department or agency, the net cost of operations

Answer rating: 100% (QA)

C is the correct answer C A schedule comparing actual with anticipated nonmonetary performance measu... View the full answer