TB MC Qu. 08-57 Which of the following is false... Which of the following is false regarding government-wide financial statements? Multiple Choice GASB requires a reconciliation from fund financial statements to government-wide financial statements. Government-wide financial statements are prepared using the accrual method of accounting. Worksheet entries are required to change the enterprise fund's financial statements to the accrual basis of accounting. General capital assets are required to be reported on the government-wide balance sheet.