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Which statement is false regarding the Balance Sheet for Governmental Fund Financial Statements?Multiple ChoiceLong-term debts are not reported on the Balance Sheet for Governmental Fund

Which statement is false regarding the Balance Sheet for Governmental Fund Financial Statements?Multiple ChoiceLong-term debts are not reported on the Balance Sheet for Governmental Fund Financial Statements.The Balance Sheet for Governmental Fund Financial Statements uses the modified accrual method for timing purposes.The Balance Sheet for Governmental Fund Financial Statements measures only long-term financial resources of the governmental entity.Capital Assets are not reported on the Balance Sheet for Governmental Fund Financial Statements.The Balance Sheet for Governmental Fund Financial Statements measures only current financial resources of the governmental entity

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