Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 39

Which of the following statements is correct about the reporting of governmental funds a. Fund financial statements measure revenues and expenditures based on modified accrual accounting.
B) Government-wide financial statements measure revenues and expenses based on modified accrual accounting.
C) Fund financial statements measure revenues and expenses based on accrual accounting.
D) Government-wide financial statements measure revenues and expenditures based on accrual accounting.