Which of the following assets would appropriately be reported on the governmental funds balance sheet?
A) Capital assets.
B) Inventories.
C) Unamortized debt issuance costs.
D) Goodwill.

Question

Quizplus · Accepted Answer

Inventories are reported on the governmental funds balance sheet. Capital assets, unamortized debt issuance costs, and goodwill are reported on the government-wide statement of net position.

Which of the Following Assets Would Appropriately Be Reported on the Governmental