The expendable fund entity's measurement focus is on:
A)the flow of current financial resources.
B)the flow of economic resources.
C)the flow of revenue, expenses, and net income.
D)none of the above.

Question

Quizplus · Accepted Answer

The expendable fund entity's measurement focus is on the flow of current financial resources, as these funds are available to be spent and used for current expenses or liabilities. The focus is not on the flow of economic resources or revenue, expenses, and net income, as these are not necessarily tied to the availability of current financial resources.

The Expendable Fund Entity's Measurement Focus Is On