10. 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.

Question

DwayneLeonard5544 DwayneLeonard5544

07-04-2020
Business

contestada

10. 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.

Respuesta :

Otras preguntas

What is 42:63 in the simplest ratio

Surface waves cause the most damage, but they are ironically called _____. Loose waves Love waves Light waves Lemon waves

Which word refers to the struggle between characters (or forces) in the plot? protagonist conflict antagonist setting

Is rust eating a hole in a metal bucket living or nonliving?

The Oxford English Dictionary (OED) is a good place to check the history, or etymology, of a word. a. True b. False

Complete the analogy. Border is to country as a. current is to river. b. water is to lake. c. waves is to sea. d. shore is to ocean.

After the September 11 attacks, NATO invoked Article 5 of its treaty which stated that allied nations must support a. a nation under attack. c. a nation attacki

What business group sent the Englishmen to Virginia in 1607?

In the diagram, rectangle ABCD is split in half by . What is the value of tan x? ~

DanielCastro DanielCastro · Answer 1 · 2020-04-09T05:26:38+02:00

Answer:

The only element that is false here regarding government-wide financial statements is:

C) GASB requires a reconciliation from fund financial statements to government-wide financial statements.

Explanation:

The GASB doesn't require reconciliation from and financial statements to government-wide financial states. They state that all funds without any distinguish will follow the format they have designed to keep all the information under the same rules to facilitate the review process. They combined it instead of providing different ones. the format is described in the pre-statement No. 34 model.