Author Question: Which of the following may be reported in the government-wide statements and the fund financial ... (Read 115 times)

HudsonKB16 · **on:** Jul 6, 2018

Which of the following may be reported in the government-wide statements and the fund financial statements?

A. Nonfiduciary component units
B. General government long-term debt
C. General government capital assets
D. Short-term debt.

Question 2

If total assets decreased by 30,000 during a specific period and owner's equity decreased by 35,000 during thesame period, the period's change in total liabilities was a 65,000 increase.
a. True
b. False

Indicate whether the statement is true or false