In Reconciling the Net Change in Fund Balances to the Change

question 34

Multiple Choice

In reconciling the net change in fund balances to the change in net position of governmental activities which of the following would be added to the change in net position of governmental activities?

• A) Issuance of long-term debt.
• B) Construction of capital assets.
• C) Accrual of interest expense.
• D) Depreciation expense.