_____ For governmental funds at the fund-based reporting level, which of the following accounts is not included in the measurement focus?
A) Cash.
B) Taxes Receivable-Current.
C) Accrued wages earned during the current year and payable within the coming year.
D) Accrued wages earned during the current year relating to sick leave accumulated (which vests) but expected to be paid many years later.
E) None of the above.

Question

_____	For governmental funds at the fund-based reporting level, which of the following accounts is not included in the measurement focus?
A) Cash.
B) Taxes Receivable-Current.
C) Accrued wages earned during the current year and payable within the coming year.
D) Accrued wages earned during the current year relating to sick leave accumulated (which vests) but expected to be paid many years later.
E) None of the above.

Quizplus · Accepted Answer

Governmental funds at the fund-based reporting level focus on current financial resources. Therefore, long-term amounts, such as accrued wages relating to sick leave expected to be paid many years later, are not included in the measurement focus.

_____ for Governmental Funds at the Fund-Based Reporting Level, Which of the Following