Multiple Choice
Which of the following is true regarding the governmental fund statements?
A) The Governmental Funds Balance Sheet does not reflect capital assets or long-term debt.
B) The Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances reports columns for major funds, non-major funds in total, and total.
C) Both of the above.
D) Neither of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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