11.Government-wide financial statements are prepared using the modified accrual basis of accounting.
12.Enterprise funds are reported in the business-type activities column of the government-wide statements.
13.When preparing the government-wide statements, worksheet entries are made to add the balances of the fiduciary funds
14.When preparing the government-wide statements, a worksheet entry is required to eliminate the current period expenditures for capital outlay and record those expenditures as capital assets
15.When preparing the government-wide statements, an entry is required to record depreciation expense on general capital assets
16.GASB Statement No. 34 states that general capital assets should
not
be reported as assets in governmental funds but should be reported in the governmental activities column of the government-wide Statement of Net Position.
17.In addition to the fund basis statement, GASB Statement 34 requires government-wide statements that are prepared using the accrual basis and the current financial resources measurement focus.
18.Fiduciary activities never appear in the government-wide statements.
19.Capital assets acquired through proprietary funds are reported in
boththe Statement of Net Position of those funds and the government-wide Statement of Net Position.
20.GASB requires that general fixed assets acquired through General, special revenue or capital projects fundsbe included in the government-wide financial statements.