Which of the following best describes the recommended format for the government-wide statement of activities?
A) Program revenues minus expenses minus other revenues and expenses equals change in net position.
B) Program revenues plus general revenues minus expenses equals change in net position.
C) Program revenues minus expenses plus general revenues equals change in net position.
D) Expenses minus program revenues plus general revenues equals change in net position.

Question

Quizplus · Accepted Answer

The government-wide statement of activities is formatted to show expenses first, then subtract program revenues, and finally add general revenues to determine the change in net position.

Which of the Following Best Describes the Recommended Format for the Government-Wide