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:

Universal Laws

Fundamental principles or rules that are believed to pertain to everything and are used to explain or predict phenomena across various domains.

Individual Differences

Variabilities or disparities among individuals in behavior, emotion, and cognition which make each person unique from others.

Genetic Factors

Attributes or characteristics influenced by genes inherited from parents, affecting traits such as appearance, health, and behavior.

Motivation

The processes that energize, direct, and sustain behavior towards achieving a goal.