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Where should infrastructure assets and long-term liabilities issued to finance infrastructure be reported? Management's discussion and...

Where should infrastructure assets and long-term liabilities issued to finance infrastructure be reported?
Management's discussion and analysis.
Letter of transmittal.
Fund financial statements.
Government-wide financial statements.
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Answer #1

Government-wide financial statements.

These are statements which report the financial transactions pertaining to the government in a certain year. It comprises  statement of activities, statement of net position which has list of assets and liabilities.

Management's discussion and analysis and Letter of transmittal are not a reporting tool.Fund financial statements report about major funds in detail.

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