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

question 28

Multiple Choice

A governmental funds Statement of Revenues,Expenditures,and Changes in Fund Balances reported expenditures of $40 million,including capital outlay expenditures of $11 million.Capital assets for that government cost $80 million,including land in the amount of $10 million.Depreciable assets are amortized over 10 years,on average.The reconciliation from governmental fund changes in fund balances to governmental activities change in net assets would reflect a(an) :

• A) $4 million decrease.
• B) $4 million increase.
• C) $3 million decrease.
• D) $11 million decrease.

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Definitions:

Functional Groups

Teams or departments in an organization each specialized in a specific area of function, such as marketing, finance, or human resources.

Marketing Departments

Specialized divisions within a company focused on developing strategies to promote, sell, and distribute a company's products or services.

Synergy

Describes a situation where the combined effect of a group is greater than the sum of individual efforts.

Complementary Skills

Skills that different individuals bring to a team or partnership that, when combined, enhance the group's overall ability to achieve its objectives.