Government-wide financial statements benefit users by allowing them to do all of the following except:
A) Determine whether the government's overall financial position improved or deteriorated during the reporting period.
B) Understand the cost of providing services to the citizenry.
C) See how the government finances its programs.
D) Identify the government official responsible for managing each fund.
E) Understand the extent to which the government has invested in capital assets.

Question

Quizplus · Accepted Answer

Government-wide financial statements do not provide information on the specific government official responsible for managing each fund. They focus on the overall financial position and activities of the government.

Government-Wide Financial Statements Benefit Users by Allowing Them to Do