With Respect to Government-Wide Statement,which of the Following Statements Is

question 16

Multiple Choice

With respect to government-wide statement,which of the following statements is correct?

• A) GASB requires a reconciliation from proprietary fund financial statements to the government-wide statements business-activities columns from modified accrual accounting to accrual accounting.
• B) General capital assets should not be reported as assets in governmental funds but should be reported in the governmental activities column of the government-wide statement of net assets.
• C) In addition to the fund basis statement, GASB Statement 34 requires government-wide statements that are prepared on the modified accrual basis using the economic resources measurement focus.
• D) Fiduciary activities are reported in the government-wide statements in a separate column.

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Definitions:

Hard Work

The considerable effort and diligence applied to tasks or objectives, often seen as a virtue leading to success and achievement.

Prosperous Workers

Employees who are not only financially successful but also experience job satisfaction and personal fulfillment in their roles.

ERG Theory

A theory that organizes human needs into the categories of existence, relatedness, and growth.

Existence

The state or fact of living or having objective reality.