11. Depreciation of general capital assets should bereported in the Governmental Activities column of thegovernment-wide financial statements.FALSE)(TRUE /12. The accounting system for proprietary fundsshouldn't provide for integration of budgetary accounts.(TRUE / FALSE)13. Separate columns must be provided in thegovernment-wide financial statements for governmentalactivities, business-type activities, and fiduciaryactivities. (TRUE / FALSE)14. A statement of revenues, expenditures, and changesin fund balances is used to report the inflows andoutflows of current financial resources of governmentalfunds. (TRUE / FALSE)15. Government-wide financial statements reportfinancial transactions related to the governmental,business-type, and fiduciary activitiesgovernment. (TRUE / FALSE)of the

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11. Depreciation of general capital assets should be reported in the Governmental Activities column of the government-wide financial statements. (TRUE / FALSE)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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