Asked by
Chase Parrish
on Dec 10, 2024
Verified
Which item is not included on the government-wide Statement of Activities?
A) Revenues.
B) Expenses.
C) Assets.
D) Operating grants.
E) Capital contributions.
Statement of Activities
A financial report primarily used by non-profit organizations, detailing revenues earned and expenses incurred over a specific period.
Operating Grants
Funds provided by governments or other entities to support the operating expenses of a non-profit or other organizations, typically not requiring repayment.
Capital Contributions
Capital contributions are the funds or assets that owners or shareholders provide to a company or partnership to increase its capital base.
- Recognize the components included and excluded from government-wide statements.
Verified Answer
AR
Learning Objectives
- Recognize the components included and excluded from government-wide statements.