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QUESTION 11 In the reporting of governmental activities, fiscal accountability is demonstrated by: Both fund and government-wide financial statements. Government-wide financial statements. Fund financial Neither fund nor government-wide C financial statements. d. statements.

QUESTION 11 In the reporting of governmental activities, fiscal accountability is demonstrated by: Both fund and government-wide financial statements. Government-wide financial statements. Fund financial Neither fund nor government-wide C financial statements. d. statements.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 11 In the reporting of governmental activities, fiscal accountability is demonstrated by: Both fund and government-wide financial statements. Oa. Government-wide financial statements. Ob. Fund financial Neither fund nor government-wide O C. financial statements. O d. statements. QUESTION 12 The accrual basis of accounting is used to account for revenues and expenditures reported in the financial statements of: Governmental funds. O a Proprietary funds. Governmental activities at the government- wide level. Oc. Business-type activities at the government- O d. wide level.
Transcribed Image Text:QUESTION 11 In the reporting of governmental activities, fiscal accountability is demonstrated by: Both fund and government-wide financial statements. Oa. Government-wide financial statements. Ob. Fund financial Neither fund nor government-wide O C. financial statements. O d. statements. QUESTION 12 The accrual basis of accounting is used to account for revenues and expenditures reported in the financial statements of: Governmental funds. O a Proprietary funds. Governmental activities at the government- wide level. Oc. Business-type activities at the government- O d. wide level.
QUESTION 17 Governmental financial reporting focuses on stewardship and QUESTION 18 Accounting equation in Fiduciary's Gov. Accounting Asset=
Transcribed Image Text:QUESTION 17 Governmental financial reporting focuses on stewardship and QUESTION 18 Accounting equation in Fiduciary's Gov. Accounting Asset=
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