Which of the following statements about Government-wide financial statements is

Question

Which of the following statements about Government-wide financial statements is false?

A. Government-wide financial statements exclude information about fiduciary activities.

B. Government-wide financial statements distinguish between the primary government and its discretely presented component units.

C. Government-wide financial statements distinguish between governmental activities and business-type activities.

D. Government-wide financial statements display information about individual funds.

Explanation / Answer

The correct answer is option (D). Government-wide financial statements display information about individual funds.

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