A Governmental Fund Statement of Revenues,Expenditures,and Changes in Fund Balances

question 81

Multiple Choice

A governmental fund Statement of Revenues,Expenditures,and Changes in Fund Balances reported expenditures of $30 million,including capital outlay expenditures of $5 million.Capital assets for that government cost $90 million,including land of $10 million.Depreciable assets are amortized over 20 years,on average.The reconciliation from governmental changes in fund balances to governmental activities changes in net assets would reflect a(an) :

• A) Decrease of $1 million.
• B) Increase of $l million.
• C) Increase of $5 million.
• D) Decrease of $4 million.

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