In Reconciling the Total Fund Balances of the Governmental Funds

question 46

Multiple Choice

In reconciling the total fund balances of the governmental funds to the net position of governmental activities, which of the following would be added to the net position of governmental activities?

• A) Accumulated depreciation.
• B) Premium on bonds payable.
• C) Construction work in progress.
• D) Bond interest payable.

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Definitions:

Extrajudicial Execution

The killing of a person by governmental authorities without the process of a legal trial, often associated with human rights abuses.

Autonomy

The right or condition of self-government, often relating to an individual's capacity and freedom to make their own choices.

Slippery Slope

An argument or reasoning that suggests taking a particular small action will lead to a chain of related negative consequences.

Realistic Scenario

A scenario grounded in reality, plausible and possible under current conditions, used for planning or analysis.