On which financial statement is this information presented? 1 answer below »

 
   

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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.