7. Which of the following is true regarding the government-wide financial statements? a. The government-wide financial statement includes a statement of cash flows. b. The government-wide financial...

7. Which of the following is true regarding the government-wide financial statements?

a. The government-wide financial statement includes a statement of cash flows.

b. The government-wide financial statements are prepared on the financial resources measurement focus for governmental activities and the economic resources measurement focus for business-type activities.

c. The government-wide financial statement includes a statement of net position.

d. Infrastructure assets must be depreciated on the statement of activities.