When preparing the government-wide statements,a worksheet entry is required to eliminate the charge to expenditures for capital outlay and record those expenditures as capital assets,as is required for accrual accounting.

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This is true. When preparing government-wide statements on an accrual basis, a worksheet entry is required to eliminate the charge to expenditures for capital outlay and record those expenditures as capital assets. This ensures that the financial statements reflect the true economic impact of these transactions.

When Preparing the Government-Wide Statements,a Worksheet Entry Is Required to Eliminate