_____ For governmental funds, the operating statement used at the fund-based reporting level is a flow of
A) Total economic resources.
B) Total financial resources.
C) Total current financial resources.
D) Total current financial resources and current claims against those resources.
E) None of the above.

Question

_____	For governmental funds, the operating statement used at the fund-based reporting level is a flow of
A) Total economic resources.
B) Total financial resources.
C) Total current financial resources.
D) Total current financial resources and current claims against those resources.
E) None of the above.

Quizplus · Accepted Answer

The operating statement used at the fund-based reporting level for governmental funds is a flow of total current financial resources and current claims against those resources.

_____ for Governmental Funds, the Operating Statement Used at the Fund-Based