Which of the Following Statements Is Not Correct with Respect

Which of the following statements is not correct with respect to the year-end adjustments for the government wide-statements?

A) Net Assets will be the offset to worksheet entries that affect revenues or expenses recognized in a prior year.
B) When an asset is sold during the year, the proceeds from the sale which was listed as an "other financing source" is eliminated and the gain or loss is recorded when preparing the government-wide statements.
C) End of year assets can only be determined after all revenues and expenses have been adjusted.
D) When preparing government-wide statements, depreciation expense must be eliminated.