Which Statement Is False Regarding the Statement of Revenues, Expenditures

Multiple Choice

Which statement is false regarding the Statement of Revenues, Expenditures, and Other Changes in Fund Balance when it is included with government-wide financial statements?

A) The Statement of Revenues, Expenditures, and Other Changes in Fund Balance uses the modified accrual method of accounting.
B) The Statement of Revenues, Expenditures, and Changes in Fund Balance presents revenues as either program revenues or general revenues.
C) A presentation reconciles the change in governmental fund balance to the change in net position for governmental activities.
D) Other financing sources are presented on the Statement of Revenues, Expenditures, and Other Changes in Fund Balance.
E) All non-major funds are combined and reported together.