The Total Fund Balances Presented in Governmental Funds Statements Are

Multiple Choice

The total fund balances presented in Governmental Funds Statements are different from the total Net Position on the government-wide Statement of Net Position. Which of the following is not a reason for this difference?

A) The two statements have different bases of accounting
B) Capital assets used in government operations are not financial resources and therefore are not reported in the funds
C) Some liabilities are not due and payable in the current period and are not reported in fund liabilities
D) Accrued Wages Payable at year end are reported on the statement of Net Position but are not reported in the fund statements