Which of the Following Statements Is Not Correct with Respect

question 74

Multiple Choice

Which of the following statements is not correct with respect to the preparation of government-wide statements?

• A) A worksheet entry is required to record depreciation expense on capital assets of governmental activities
• B) Enterprise funds are reported in the business-type activities column of the government-wide statements.
• C) Worksheet entries must be made to eliminate operating profits earned by enterprise funds.
• D) A worksheet entry is required to eliminate the charge to expenditures for capital outlay and record those expenditures as capital assets

---

Definitions:

Verbal Response

An oral or written answer or reaction to a question, situation, or stimulus.

Clarification

The process of making something clearer or easier to understand, often by providing more details or information.

Paraphrasing

A technique of restating another's message or content in one's own words, commonly used to demonstrate understanding or to provide clarity.

Listening Responses

The ways in which a listener communicates their attention, understanding, and empathy to the speaker.