Author Question: Examining a transaction or event to determine its fundamental significance to the business so that ... (Read 1180 times)

silviawilliams41 · **on:** Jul 5, 2018

Examining a transaction or event to determine its fundamental significance to the business so that the relevant information may be properly processed is called
a. recording.
b. analyzing.
c. classifying.
d. interpreting.

Question 2

Which of the following financial accounting elements is not common to both the governmental funds and the governmental activities function in the government-wide financial statements?

A. Cash.
B. Short-term liabilities.
C. Deferred inflows.
D. Capital assets.