Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 27

A government reports that its public safety function had expenses of $900,000 last year and program revenues of $200,000 so that its net expenses were $700,000. On which financial statement is this information presented
A) Statement of activities.
B) Statement of cash flows.
C) Statement of revenues and expenditures.
D) Statement of net assets.