Which of the following statements is not correct? Multiple Choice Discretely presented component units are also separately displayed in the fund-basis statements, but not the government-wide statements. The government-wide statements are separated into governmental activities and business-type activities. The governmental-type funds' Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances serve as inputs to the governmental activities sections of the government-wide statements. The fund-basis statements reflect modified accrual accounting, they must be adjusted to the accrual basis