Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 76

Which of thefollowing statements is correct about the reporting of governmental funds
A) Fund financial statements measure economic resources.
B) Government-wide financial statements measure only current financial resources.
C) Fund financial statements measure both economic resources and current financial resources.
D) Government-wide financial statements measure economic resources.