Capital assets that were financed through governmental fund activities will appear in which financial statement?

Question

Quizplus · Accepted Answer

Capital assets that were financed through governmental fund activities are reported in the government-wide statement of net assets. This statement consolidates all of a government's financial information, including capital assets, into a single, comprehensive overview, reflecting the total financial position of the government, including assets financed through governmental funds.

Capital Assets That Were Financed Through Governmental Fund Activities Will