The Most Common Difference Between Funds-Based and Government-Wide Financial Statements

Multiple Choice

The most common difference between funds-based and government-wide financial statements is

A) ​government-wide statements of activities show operating data by function
B) ​government-wide statements of activities use a format that differs from proprietary funds statements of revenues
C) ​interfund payables and receivables must be eliminated in the preparation of the statement of activities
D) ​all of the above