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Which of the following is true regarding the government-wide Statement of Activities? ...

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Accounting

Which of the following is true regarding the government-wide Statement of Activities?

A.

The government-wide Statement of Activities may reflect expenses either by function (general government, public safety, etc.) or by object or natural classification (salaries, supplies, etc.).

B.

The government-wide Statement of Activities reflects taxes as general revenues.

C.

The government-wide Statement of Activities is prepared using the modified accrual basis of accounting for governmental activities and using the accrual basis of accounting for business-type activities.
D.

Indirect program expenses may not be allocated to the other functional areas.

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