Which Statement Is False Regarding the Government-Wide Statement of Net

question 13

Multiple Choice

Which statement is false regarding the government-wide Statement of Net Position?

• A) Noncurrent liabilities are presented separately from current liabilities.
• B) Assets are reported excluding capital assets.
• C) Capital assets are reported net of depreciation.
• D) Investments are reported at fair value rather than historical cost.
• E) Discretely presented component units are grouped and shown on the right of the total.

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Definitions:

Temperament

Individual difference in style of reaction that is present early in life.

Easy Child

A term in developmental psychology referring to children who are generally calm, adaptable and have regular routines.

Cheerful

A mood or state of being noticeably happy or showing joyfulness and optimism.

Resistant Children

Kids who exhibit opposition or non-compliance to authority figures or guidelines, often as a part of their developmental process.