Which of the following choices regarding the

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Which of the following choices regarding the government-wide Statement of Net Assets is true?

A. The government-wide Statement of Net Assets reflects capital assets, net of accumulated depreciation, for both governmental and business-type activities.

B. The government-wide Statement of Net Assets must be prepared in a classified format; that is, both assets and liabilities must be separated between current and long-term categories.

C. The government-wide Statement of Net Assets includes all resources entrusted to the government; including governmental, proprietary, and fiduciary.

D. A reporting entity-primary government plus component units-total column is required.

Reference no: EM13388629

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