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.

---

Definitions:

Terminal Illness

A disease or condition that is ultimately fatal and has no available cure.

Voluntary Muscle Movement

Movement that is controlled consciously by the brain, involving muscles that can be moved deliberately such as those in the arms and legs.

Internet Meme

A piece of media, often humorous in nature, that spreads rapidly online through sharing and variations.

Social Networking Sites

Online platforms where individuals can create a profile, interact with others, share content, and build social or professional networks.