Which of the Following Is False Regarding Government-Wide Financial Statements

question 32

Multiple Choice

Which of the following is false regarding government-wide financial statements?

• A) Government-wide financial statements are prepared using the accrual method of accounting
• B) General capital assets are required to be reported on the government-wide balance sheet.
• C) Worksheet entries are required to change the enterprise fund financial statements to the accrual basis of accounting
• D) GASB requires a reconciliation from fund financial statements to government-wide financial statements