Which of the Following Is True Regarding the Governmental Fund

Multiple Choice

Which of the following is true regarding the governmental fund financial statements?

A) The governmental fund financial statements include the Balance Sheet and the Statement of Revenues, Expenditures and Changes in Fund Balances
B) The governmental fund financial statements are prepared on the current financial resources measurement focus and modified accrual basis of accounting
C) The governmental fund Balance Sheet reflects Fund Balances as reserved and unreserved
D) All of the above are true