Which of the Following Actions Is Not Required to Convert

question 44

Multiple Choice

Which of the following actions is not required to convert data from the governmental fund financial statements to enable preparation of the government-wide financial statements?

• A) Adding annual depreciation expense proportionately to functional expense categories.
• B) Eliminating interfund payables and receivables between governmental funds.
• C) Aggregating fund information.
• D) Eliminating receivables and payables between governmental and enterprise funds.

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Definitions:

Legally Binding

An agreement or contract that is enforceable by law, meaning parties must fulfill their specified obligations or face legal consequences.

Commission of Crime

The act of carrying out a criminal offense or the process by which a crime is perpetrated.

Void

A term describing a contract or agreement that has no legal force or effect and is unenforceable.

Digital Records

Digital Records refer to information or data that is created, stored, and managed in electronic format, often used for documentation and archival purposes.