Which of the Following Statements Is False

Which of the following statements is false?

A) With respect to fund basis financial statements, a government may designate any fund to be a major fund if reporting that fund separately would be useful.
B) When preparing fund basis financial statements, any funds not reported separately are reported by function.
C) When preparing fund basis financial statements, any funds not reported separately are aggregated and reported in a single column under the label non-major funds.
D) In addition to the government-wide statements, governments are required to prepare fund financial statements for governmental, proprietary and fiduciary funds.