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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