In the uses section of the statement of changes in financial position, transactions are subclassified into those affecting:
A)the fund balance and other accounts.
B)cash and other accounts.
C)current assets or liabilities and other accounts.
D)liquid assets and other accounts.

Question

Quizplus · Accepted Answer

The uses section of the statement of changes in financial position subclassifies transactions into those affecting the fund balance and other accounts.

In the Uses Section of the Statement of Changes in Financial