Which of the following is true regarding the ballance sheet of a federal agency?

Question

Which of the following is true regarding the ballance sheet of a federal agency?
A). The balance sheet as prepared using the economic resource measurement focus and accrual accounting
B). Typically the first item listed among us that is “fund” balance with treasury
C). All of the above choices are true
D). None of the above choices is true Which of the following is true regarding the ballance sheet of a federal agency?
A). The balance sheet as prepared using the economic resource measurement focus and accrual accounting
B). Typically the first item listed among us that is “fund” balance with treasury
C). All of the above choices are true
D). None of the above choices is true
A). The balance sheet as prepared using the economic resource measurement focus and accrual accounting
B). Typically the first item listed among us that is “fund” balance with treasury
C). All of the above choices are true
D). None of the above choices is true

Explanation / Answer

Answer A - " The balance sheet is prepared using the economic resource measurement focus and accrual accounting "

The Balance Sheet of a federal agency is prepared using the economic resource measurement focus and accrual accounting.

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