Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 33

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.