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Author Question: For basic financial statements of a local government to be presented fairly in all material ... (Read 28 times)

tuffie

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on: Jul 5, 2018
For basic financial statements of a local government to be presented fairly in all material respects, the basic financial statements must include an opinion unit for:
 
  A. Governmental activities in the government-wide financial statements.
  B. All funds in the special revenue fund type reported together as a unit.
  C. Investment trust funds as a unit apart from other fiduciary funds.
  D. All agency funds reported together as a unit.

Question 2

Accruals are needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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scikid

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

True


tuffie

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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