Which of the following is true regarding the governmental fund statements?
A. Both The Governmental Funds Balance Sheet does not reflect capital assets or long-term debt and The Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances reports columns for major funds, non-major funds (in total), and total.
B. The Governmental Funds Balance Sheet does not reflect capital assets or long-term debt.
C. Neither The Governmental Funds Balance Sheet does not reflect capital assets or long-term debt nor The Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances reports columns for major funds, non-major funds (in total), and total.
D. The Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances reports columns for major funds, non-major funds (in total), and total.
Answer: A
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