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True or false: All the resources classified as restricted net position in the government-wide financial statements are also classified as restricted fund balance in the fund-basis statement.

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Final answer:

No, false. The classifications of restricted net position and restricted fund balance can differ based on accounting standards and regulations.

Step-by-step explanation:

No, false. Not all resources classified as restricted net position in the government-wide financial statements are also classified as restricted fund balance in the fund-basis statement. These classifications can differ based on the specific regulations and accounting standards followed by the government entity. Restricted net position represents resources that have specific legal restrictions on how they can be used, while restricted fund balance represents constraints within specific funds.

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