The government-wide statement of activities includes which of the following characteristics (may be more than one): Net program expense is a measure of the extent to which a program is self-financing (versus needs subsidies from general revenue) Calculates net program revenue or expense by subtracting applicable revenues from expenses Internal balance is reported as a transfer between activities

A statement of activities states the reporting of the expenses and revenue of the nonprofit…

Answered: Net program expense is a measure of the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The government-wide statement of activities includes which of the following characteristics (may be more than one):

	Net program expense is a measure of the extent to which a program is self-financing (versus needs subsidies from general revenue)
	Calculates net program revenue or expense by subtracting applicable revenues from expenses
	Internal balance is reported as a transfer between activities

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