The city operates a public swimming pool where each person is assessed a $2 entrance fee. Which financial statement is most appropriate to report these revenues?

A. Statement of Net Position.
B. Statement of Revenue, Expenses, and Other Changes in Net Position.
C. Statement of Revenue, Expenses, and Other Changes in Fund Balance.
D. Statement of Net Revenue and Expenses.
E. Statement of Revenue, Expenditures, and Other Changes in Fund Balance.


Answer: B

Business

You might also like to view...

A proposed merger between two Swiss-based global pharmaceutical companies, Ciba-Geigy AG and Sandoz AG, would be subject to review by regulators from which of the following?

A) European Commission B) UN Conference on International Trade Law C) International Chamber of Commerce D) International Court of Justice E) none of the above

Business

The close of a presentation should be creative and memorable because audiences tend to remember what they hear last

Indicate whether the statement is true or false

Business

What three types of evidence are often used to create interest or justify a persuasive request?

Business

Which of the following is true regarding the government-wide Statement of Net Position?

A. Both Discretely presented component units are included in a separate column (or columns) & Net Position is displayed in three categories: net investment in capital assets, reserved, and unreserved. B. Discretely presented component units are included in a separate column (or columns). C. Net Position is displayed in three categories: net investment in capital assets, reserved, and unreserved. D. Neither Discretely presented component units are included in a separate column (or columns) nor Net Position is displayed in three categories: net investment in capital assets, reserved, and unreserved.

Business