Which measurement focus should be used in government-wide financial statements?
A. the same measurement focus as that used in accounting for each fund type
B. the current financial resources measurement focus
C. the economic resources measurement focus
D. the economic resources measurement focus for governmental fund types and the current financial resource measurement focus for proprietary and fiduciary fund types
Answer:C
Which measurement focus should be used in government-wide financial statements?
A. the same measurement focus as that used in accounting for each fund type B. the current financial resources measurement focus C. the economic resources measurement focus D. the economic resources measurement focus for governmental fund types and the current financial resource measurement focus for proprietary and fiduciary fund types