Which of the following would not be included as a reconciling item in reconciling the governmental funds statement of revenues, expenditures, and changes in fund balances to the government-wide statement of activities?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bond principal payment reported as an expenditure in a governmental fund.
Interest accrued on long-term notes payable.
Acquisition of capital assets reported as an expenditure in the governmental fund financial statements.
Issuance of a short-term note payable.
Transcribed Image Text:Bond principal payment reported as an expenditure in a governmental fund. Interest accrued on long-term notes payable. Acquisition of capital assets reported as an expenditure in the governmental fund financial statements. Issuance of a short-term note payable.
Which of the following would not be included as a reconciling item in reconciling the governmental funds statement of revenues,
expenditures, and changes in fund balances to the government-wide statement of activities?
Transcribed Image Text:Which of the following would not be included as a reconciling item in reconciling the governmental funds statement of revenues, expenditures, and changes in fund balances to the government-wide statement of activities?
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