With Respect to Government-Wide Statement, Which of the Following Statements

question 6

Multiple Choice

With respect to government-wide statement, which of the following statements is correct?

• A) General capital assets should not be reported as assets in governmental funds but should be reported in the governmental activities column of the government-wide Statement of Net Position.
• B) GASB requires a reconciliation from proprietary fund financial statements to the government-wide statements business-activities columns from modified accrual accounting to accrual accounting.
• C) In addition to the fund basis statement, GASB requires government-wide statements that are prepared on the modified accrual basis using the economic resources measurement focus.
• D) Fiduciary activities are reported in the government-wide statements in a separate column.

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