Which of the Following Statements Is False

question 114

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 reported by function.
• C) 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.
• 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:

Social Readjustment Rating Scale

A scale that measures the amount of stress in a person's life over a 1-year period resulting from major life events, both positive and negative.

Major Life Events

Significant occurrences in a person's life that require adjustment or adaptation, such as moving, marriage, or experiencing loss.

Stress

A psychological and physical response to demands or threats, real or perceived, that exceed an individual's resources or coping strategies.

Social Readjustment Rating Scale

A scale that measures the amount of stress in a person's life over a certain period of time due to major life changes.