Which of the following statements regarding the reporting of individual fund financial statements is true? a. Detailed
Question:
Which of the following statements regarding the reporting of individual fund financial statements is true?
a. Detailed budgetary information for the General Fund may be included as an individual fund financial statement even though a budgetary statement is also included in the Basic Financial Statements.
b. A government may decide to include individual fund financial statements for one fund but not other individual funds of the same fund type.
c. Budgetary comparisons for an Enterprise Fund may be reported as an individual fund financial schedule.
d. All of the above statements are true.
e. None of the above statements are true.
f. Only items a and c are true statements.
Step by Step Answer:
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,