Government-wide financial statements present the government's financial position using

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Government-wide financial statements use the economic resources measurement focus, which focuses on all resources within the government's control, regardless of whether they are available or not. They also use the accrual basis of accounting, which records transactions when they occur, regardless of when cash is received or paid. These two methods provide a more comprehensive and accurate view of the government's financial position.

Government-Wide Financial Statements Present the Government's Financial Position Using