11. Depreciation of general capital assets should be reported in the Governmental Activities column of the government-wide financial statements. (TRUE / FALSE)
11. Depreciation of general capital assets should be reported in the Governmental Activities column of the government-wide financial statements. (TRUE / FALSE)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![11. Depreciation of general capital assets should be
reported in the Governmental Activities column of the
government-wide financial statements.
FALSE)
(TRUE /
12. The accounting system for proprietary funds
shouldn't provide for integration of budgetary accounts.
(TRUE / FALSE)
13. Separate columns must be provided in the
government-wide financial statements for governmental
activities, business-type activities, and fiduciary
activities. (TRUE / FALSE)
14. A statement of revenues, expenditures, and changes
in fund balances is used to report the inflows and
outflows of current financial resources of governmental
funds. (TRUE / FALSE)
15. Government-wide financial statements report
financial transactions related to the governmental,
business-type, and fiduciary activities
government. (TRUE / FALSE)
of the](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e8a96c1-cb7b-4a20-b3cf-8ceee531bbe8%2F408a82d0-d9fa-46f8-ac67-6655544545e1%2Fhwj4r9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11. Depreciation of general capital assets should be
reported in the Governmental Activities column of the
government-wide financial statements.
FALSE)
(TRUE /
12. The accounting system for proprietary funds
shouldn't provide for integration of budgetary accounts.
(TRUE / FALSE)
13. Separate columns must be provided in the
government-wide financial statements for governmental
activities, business-type activities, and fiduciary
activities. (TRUE / FALSE)
14. A statement of revenues, expenditures, and changes
in fund balances is used to report the inflows and
outflows of current financial resources of governmental
funds. (TRUE / FALSE)
15. Government-wide financial statements report
financial transactions related to the governmental,
business-type, and fiduciary activities
government. (TRUE / FALSE)
of the
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