Which of the Following Statements Is False Regarding Government-Wide Financial

Multiple Choice

Which of the following statements is false regarding government-wide financial statements?

A) Government-wide financial statements report a government's activities and financial position as a whole.
B) The government-wide financial statement approach helps users make long-term evaluations of the financial decisions and stability of the government.
C) Government-wide financial statements focus on the short-term instead of the long-term.
D) Government-wide financial statements assess the finances of the government in its entirety, including the year's operating results.
E) The measurement focus of government-wide financial statements is on all economic resources and utilizes accrual accounting.