Recently Effective Accounting Standards Require the Preparation of Two Separate

Recently effective accounting standards require the preparation of two separate sets of financial statements. The first set of fund financial statements are similar to the historical fund based reporting model. Which of the following statements is false concerning the additional financial statements that are now required?

A) the statements are designed to focus on the governmental unit as a whole
B) the statements consolidate all government operations on a full accrual basis
C) the statements are designed to report on the profit making ability of the resources collected
D) the statements adopt an economic measurement focus