Final answer:
Fiduciary activities are indeed not included in the government-wide statements; instead, they are reported in separate fiduciary fund financial statements as the government acts as a trustee or agent in these cases.
Step-by-step explanation:
The statement "Fiduciary activities do not appear in the government-wide statements" is true. Fiduciary activities are those where the government is acting as a trustee or agent for parties outside of the government itself, such as individuals, private organizations, or other governments. As per the accounting standards, the fiduciary activities are reported in the fiduciary fund financial statements, which are separate from the government-wide financial statements that report all other activities of the government that are not fiduciary in nature.