Which of the Following Statements Is False

question 126

Multiple Choice

Which of the following statements is false?

• A) With respect to fund basis financial statements, a government may designate any fund to be a major fund if reporting that fund separately would be useful.
• B) When preparing fund basis financial statements, any funds not reported separately are aggregated and reported in a single column under the label non-major funds.
• C) When preparing fund basis financial statements, any funds not reported separately are reported by function.
• D) In addition to the government-wide statements, governments are required to prepare fund financial statements for governmental, proprietary and fiduciary funds.

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Definitions:

Freeze Moment

A point in time when an individual becomes momentarily unable to act or respond due to surprise, fear, or uncertainty.

Competence Stage

A phase in the learning process where an individual becomes capable of performing a skill with proficiency, often after much practice and learning.

Capability

The ability or qualities necessary to achieve or produce a specified result or outcome.

Management

The process of dealing with or controlling things or people, often within organizations.