37) Why did governmental accounting practices develop with a focus on the sources and uses of expendable funds rather than on net income?

37) Why did governmental accounting practices develop with a focus on the sources and uses of expendable funds rather than on net income? The government wants to keep the earnings discrete Net income is solely for public organizations Tax and other non exchange revenues are not equivalent to sales Net income is solely for private organizations

37) Why did governmental accounting practices develop with a focus on the sources and uses of expendable funds rather than on net income? A. The government wants to keep the earnings discrete B....