Which of the Following Reconciliations Is Required in the Basic

question 11

Multiple Choice

Which of the following reconciliations is required in the basic financial statements of a state or local government?

• A)Total fund balances on the balance sheet-governmental funds to total governmental activities net assets on the government-wide statement of net assets.
• B)Total net assets on the statement of net assets-proprietary funds to total business-type activities net assets on the government-wide statement of net assets.
• C)Total net assets on the statement of fiduciary net assets to total fiduciary activities net assets on the government-wide statement of net assets.
• D)Total fund balances on the balance sheet-governmental funds to total changes in fund balances on the statement of revenues,expenditures,and changes in fund balances-governmental funds.

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Definitions:

Sequential Function Chart

A graphical programming language used for programmable logic controllers (PLCs) to describe the sequence of operations in an industrial process.

Function Block

Rectangular block with inputs entering from the left and outputs exiting on the right.

Structure Text

A high-level programming language used in PLC and other control systems, designed for complex algorithm implementation.