Which of the Following Statements Is False

question 54

Multiple Choice

Which of the following statements is false?

• A) All of the governmental funds use the modified accrual basis of accounting.
• B) Debt service funds are required to report accrued interest payable.
• C) General fixed assets that are acquired with governmental fund resources are recorded as expenditures in the governmental funds but are displayed as capital assets in the governmental-wide financial statements.
• D) Permanent funds reflect resources that are legally restricted so that principal may not be expended and earnings are used to benefit the government or its citizenry.

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Definitions:

Global Brands

Global brands are brands that are recognized and available across multiple countries, often with a consistent identity and marketing strategy.

Globalization Framework

A set of concepts that describe the movements and influences of ideas, goods, and services across national borders.

Global Brands

Brands that are recognized and available across many countries and cultures, often adapting their strategies to fit local markets while maintaining a consistent global image.