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:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or pressures.

Asch

Solomon Asch was a psychologist best known for his work on conformity experiments, demonstrating how group pressure could influence individuals to conform to incorrect answers.

Milgram

Refers to Stanley Milgram, an American social psychologist known for his controversial experiment on obedience to authority figures, conducted in the 1960s.

Obedience

The act of following orders or instructions from authority figures, often studied in social psychology.