Final answer:
Fiscal accountability in governmental activities is demonstrated through both governmental fund financial statements and government-wide financial statements, showing detailed financial allocations and the overall financial state of the government.
Step-by-step explanation:
In the reporting of governmental activities, fiscal accountability is demonstrated by presenting how budgets are utilized over a fiscal period. Fiscal accountability is specifically portrayed through governmental fund financial statements, which show how resources have been allocated following budgetary constraints and policies, thereby providing an account of financial activities at a fund level.
Government-wide financial statements, on the other hand, display the financial activities and health of the government as a whole, including long-term and capital asset information. Therefore, fiscal accountability is portrayed through both fund-level and government-wide presentations, indicating that the correct answer to the question is C) Both fund and governmental wide financial statements.