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

Multiple Choice

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

A) Noncurrent liabilities are presented separately from current liabilities.
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) Discretely presented component units are grouped and shown on the right of the total.