Give the major disadvantage of disregarding the cost concept and ...

[EAugust]

Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based on appraisalsand opinions.

Question 2

Interest expense for governmental activities at the government-wide level should be reported
 
  A. As part of the function for which the financing was beneficial.
  B. As part of the general government function.
  C. In total as capitalized interest.
  D. As an indirect expense not allocated to a functional area.

[britb2u]

Answer to Question 1

Accounting reports would become unstable and unreliable.

Answer to Question 2

D

[EAugust]

YES! Correct, THANKS for helping me on my review

[ryansturges]

Thanks for the timely response, appreciate it