Which of the following is false regarding government-wide financial statements?
A) Government-wide financial statements are prepared using the accrual method of accounting
B) General capital assets are required to be reported on the government-wide balance sheet.
C) GASB requires a reconciliation from fund financial statements to government-wide financial statements.
D) Worksheet entries are required to change the enterprise fund financial statements to the accrual basis of accounting.
Correct Answer:
Verified
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