Which of the Following Statements Is Not Correct

Multiple Choice

Which of the following statements is not correct?

A) Worksheet entries are posted to the general ledger when preparing the government-wide statements and then reversed at the beginning of the next fiscal year.
B) Fixed assets acquired through proprietary and fiduciary funds are reported in the Statement of Net Assets of those funds.
C) GASB requires that general fixed assets be included in the government-wide financial statements. These assets are usually acquired through General, special revenue or capital projects funds.
D) GASB Statement No. 37 specifically prohibits interest during construction in governments' funds to be capitalized in the government-wide statements.