For the Following Items That Require Reconciliation Between Governmental Funds

question 14

Short Answer

For the following items that require reconciliation between governmental funds financial statements and governmental activities financial statements at the government-wide level according to GASBS 34,indicate whether the reconciliation will A)always be subtracted from fund balances-governmental funds,B)always be added to fund balances-governmental funds,or C)may be added to or subtracted from fund balances-governmental funds in arriving at net assets of governmental activities.
_____ 1.Capital assets used in governmental activities
_____ 2.Long-term liabilities that are not payable in the current period
_____ 3.Net assets of internal service funds that are primarily governmental in nature
_____ 4.Accrued interest payable not due in the current period

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Definitions:

Benign Tumors

Non-cancerous growths in the body that are not invasive and do not spread to other parts.

Significant Health

Refers to the overall state of physical, mental, and social well-being that is free from major diseases or health issues, significantly impacting an individual's quality of life.

Other Tissues

Refers to various types of bodily tissues aside from the ones specifically mentioned, encompassing a wide range of cellular structures and functions.

Body Parts

Physical components of organisms, including limbs, organs, and systems, that contribute to their structure and function.