A Reconciliation from Proprietary Funds Statements to Government-Wide Statements Is

Multiple Choice

A reconciliation from Proprietary funds statements to government-wide statements is not necessary because …

A) They both use the same measurement focus and basis of accounting (economic resources, accrual) .
B) They both use the same measurement focus and basis of accounting (current financial resources, modified accrual)
C) They use a different measurement focus and basis of accounting.
D) They use a different measurement focus and basis of accounting