A reconciliation from Enterprise funds statements to government-wide statements is not necessary because …
A) They both use the same measurement focus and basis of accounting economic resources, accrual
B) They both use the same measurement focus and basis of accounting current financial resources, modified accrual
C) They use a different measurement focus and basis of accounting.
D) Enterprise funds are not included in the government-wide statements

Question

Quizplus · Accepted Answer

Enterprise funds use the economic resources measurement focus and the accrual basis of accounting which is the same as the government-wide statements. required.

A Reconciliation from Enterprise Funds Statements to Government-Wide Statements Is