Governmental Fund-Basis Statements Are Prepared Using The________, and Must Be

question 134

Multiple Choice

Governmental fund-basis statements are prepared using the________, and must be converted to the ________ to be incorporated in the government-wide statements.

• A) Accrual basis, modified accrual basis.
• B) Accrual basis, tax basis.
• C) Cash basis, accrual basis.
• D) Modified accrual basis, accrual basis.