In the government-wide financial statements, pass-through grants would be reported as
A. Program revenues.
B. General revenues.
C. Other financing sources.
D. Operating revenues.
A
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The mean is sensitive to extremely small or extremely large values (outliers)
Indicate whether the statement is true or false
Laura is an investor and a limited partner in a limited partnership
Two years after she becomes a limited partner, Laura thinks that the general partners are not doing a very good job managing the affairs of the limited partnership and participates in the management of the limited partnership. While she is participating in management, a bank loans $1 million to the limited partnership, believing that Laura is a general partner. If the limited partnership defaults on the $1 million loan, which of the following holds well? A) Laura is not personally liable as she is a limited partner on paper. B) Laura is personally liable if the bank, in good faith, thought she was a general partner. C) Laura has unlimited personal liability as a limited partner. D) Laura's liability is restricted to the value of her capital investment in the partnership.