Which Statement Is False Regarding the Government-Wide Statement of Net

question 13

Multiple Choice

Which statement is false regarding the government-wide Statement of Net Position?

• A) Noncurrent liabilities are presented separately from current liabilities.
• B) Assets are reported excluding capital assets.
• C) Capital assets are reported net of depreciation.
• D) Investments are reported at fair value rather than historical cost.
• E) Discretely presented component units are grouped and shown on the right of the total.

---

Definitions:

Hematocrit

A measure of the volume percentage of red blood cells in blood, used to detect anemia, dehydration, and other conditions.

Erythrocytes

Red blood cells that carry oxygen from the lungs to the body tissues and carbon dioxide back to the lungs.

Anemic Cells

Anemic cells refer to blood cells, typically red blood cells, that are deficient in hemoglobin, leading to reduced oxygen transport and symptoms of anemia.

Antibodies

Proteins produced by the immune system in response to foreign substances, which they neutralize or mark for destruction.