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:

Target Population

The total group of individuals or entities to which researchers intend to generalize the results of a study or survey.

Sampled Population

The subset of a larger population from which data is actually obtained for the purpose of statistical analysis.

Inferences

The process of drawing conclusions about a population's parameters based on a sample's statistics.

Conclusions

Final judgments or decisions derived after the completion of a process, experiment, or analysis.