Question: Which statement is false regarding the govemment - wide Statement of Net Position? Mutuple Choice Noncurrent liablities are presented separately from current llabilites. Assets are

Which statement is false regarding the govemment-wide Statement of Net Position?
Mutuple Choice
Noncurrent liablities are presented separately from current llabilites.
Assets are reported excluding capital assets.
Capital assets are reported net of depreciation.
Investments are reported at fair value rather than historical cost.
Discretely presented component units are grouped and shown on the right of the total.
Which statement is false regarding the govemment-wide Statement of Net Position?

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