Which statements are true regarding the reporting of financial information?

The statement that expenses are reported before revenues in a government-wide statement is correct because in the context of government accounting, a comprehensive view of financial activities typically presents expenses first to highlight the costs associated with services provided. This format aligns with the focus on accountability and stewardship of public funds, allowing stakeholders to understand the total expenditures incurred before assessing the revenues generated in that period.

In government-wide financial statements, the emphasis is placed on a complete picture of net position and changes in net position, which includes revenues, expenses, and resulting surpluses or deficits. The order of reporting expenses before revenues helps in analyzing the overall financial health of the entity, as it immediately highlights the costs associated with government functions before comparing them to the revenues collected.

Each of the other statements reflects inaccuracies regarding financial reporting for government entities. For instance, certain funds have specific restrictions and obligations, contrary to the notion that special revenue funds always report resources as unrestricted. Additionally, internal service fund balances may need consolidation under specific circumstances when preparing financial statements to accurately reflect an entity's financial position. Finally, treating enterprise funds strictly as governmental activities is inaccurate, as they function similarly to private businesses and must be accounted for using proprietary fund accounting, which focuses on their self-sustaining operational nature