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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 9: Financial Reporting of State and Local Governments
  5. Question
    In Preparation of Government-Wide Statements,converting Information Recorded Using the Modified
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In Preparation of Government-Wide Statements,converting Information Recorded Using the Modified

Question 3

Question 3

True/False

In preparation of government-wide statements,converting information recorded using the modified accrual basis of accounting to the accrual basis,where appropriate,is conceptually preferable to using information directly from the accounting system to prepare the statements.

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