Which of the Following Is True Regarding the Government-Wide Statements

question 41

Multiple Choice

Which of the following is true regarding the government-wide statements?

• A) The government-wide statements include a Statement of Net Position and a Statement of Activities.
• B) The governmental activities portion of the government-wide statements is prepared using the current financial resources measurement focus and modified accrual basis of accounting.
• C) Neither of the above.
• D) Both of the above.