Which of the Following Characteristics Are Emphasized in the Accounting

Multiple Choice

Which of the following characteristics are emphasized in the accounting for state and local government entities?
I.Revenues should be matched with expenditures to measure success or failure of the government entity.
II.There is an emphasis on expendability of resources to accomplish objectives of the governmental entity.

A) I only
B) II only
C) I and II
D) Neither I nor II