Which Statement Is False Regarding the Government-Wide Statement of Net

Multiple Choice

Which statement is false regarding the government-wide Statement of Net Assets?

A) the purpose of the Statement of Net Assets is to report the economic resources of the government as a whole.
B) assets are reported excluding capital assets.
C) capital assets are reported net of depreciation.
D) investments are reported at fair value rather than historical cost.
E) Business-type activities include Enterprise Funds.