Which of the following is true regarding the government-wide financial statements?
A) The government-wide financial statements include the Statement of Net Position and the Statement of Activities.
B) The government-wide financial statements are prepared using the current financial resources measurement focus and the modified accrual basis of accounting.
C) Both of the above.
D) Neither of the above.

Question

Quizplus · Accepted Answer

Government-wide financial statements include the Government-wide Statement of Net Position and the Government-wide Statement of Activities. The Statement of Cash Flows is not required.

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