D. All of these are correct QUESTION 23 2 point ch of the following is not true regarding the Statement of Revenues, Expenses and Changes in Net Position for a public college? 0 A-The accrual basis of accounting is used to measure revenues and expenses. O B Depreciation expense is recorded. Encumbrances are recorded at the time purchase orders are issued. O D. All of these are true. 2 p QUESTION 24