For the Following Items That Require Reconciliation Between Governmental Funds

question 39

Essay

For the following items that require reconciliation between governmental funds financial statements and governmental activities financial statements at the government-wide level according to GASB standards, indicate which is the best appropriate terms.
(A) Always be subtracted from fund balances-governmental funds.
(B) Always be added to fund balances-governmental funds.
(C) May be added to or subtracted from fund balances-governmental funds in arriving at net position of governmental activities.
________ 1. Capital assets used in governmental activities
________ 2. Long-term liabilities that are not payable in the current period
________ 3. Net position of internal service funds that are primarily governmental in nature
________ 4. Accrued interest payable not due in the current period

---

Definitions:

EEG

Abbreviation for electroencephalogram, a test that measures electrical activity of the brain through small, flat metal discs attached to the scalp.

Awake Adults

Referencing the state of alertness and consciousness in adult individuals during periods they are not sleeping.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, enclosed in the spinal canal.

Filum Terminale

A fibrous tissue extension of the conus medullaris of the spinal cord, anchoring it within the vertebral canal.