The Basic Financial Statements,as defined for governments,do not include which of the following components?
A)government-wide financial statements
B)governmental fund financial statements
C)fiduciary fund financial statements
D)combining financial statements

Question

Quizplus · Accepted Answer

Combining financial statements are not considered basic financial statements for governments, though they may be presented as supplemental information. The other options - government-wide financial statements, governmental fund financial statements, and fiduciary fund financial statements - are all included in the basic financial statements for governments.

The Basic Financial Statements,as Defined for Governments,do Not Include Which