All of the Following Transactions Could Potentially Be Reconciling Items

question 23

Multiple Choice

All of the following transactions could potentially be reconciling items between the governmental fund financial statements and government-wide governmental activities column except

• A) The purchase of capital assets.
• B) Accrual of compensated absences liability.
• C) Issuance of long-term debt.
• D) Borrowing from a local bank with a short-term loan.

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Definitions:

Pediculosis

An infestation of lice on the human body, characterized by itching and sometimes redness and infection.

Subcutaneous

Referring to something situated or applied under the skin.

Alopecia

A medical condition causing hair to fall out in small patches, which can lead to total hair loss.

Eczema

A medical condition where patches of skin become inflamed, itchy, red, cracked, and rough.