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:

Compact Bone

The dense, hard outer layer of bone that provides strength and support and contains passageways for blood vessels and nerves.

Red Bone Marrow

A type of bone marrow that produces red blood cells, white blood cells, and platelets.

Blood Forming Cells

Cells found primarily in the bone marrow that give rise to all the blood cells including red blood cells, white blood cells, and platelets.

Upper Limbs

Refers to the part of the body that includes the arm, forearm, wrist, and hand.