Which of the Following Statements Is Not Correct with Respect

Multiple Choice

Which of the following statements is not correct with respect to the preparation of government-wide statements?

A) A worksheet entry is required to record depreciation expense on capital assets of governmental activities
B) Enterprise funds are reported in the business-type activities column of the government-wide statements.
C) Worksheet entries must be made to eliminate operating profits earned by enterprise funds.
D) A worksheet entry is required to eliminate the charge to expenditures for capital outlay and record those expenditures as capital assets