Which of the Following Is a Typical Reconciling Item Between

question 12

Multiple Choice

Which of the following is a typical reconciling item between the fund-level financial statements and the government-wide financial statements?

• A)reporting the amount of cash on hand for governmental activities
• B)reporting revenues on the accrual basis,rather than the modified accrual basis,for business-type activities
• C)reporting depreciation expense,rather than capital outlay expenditures,for governmental activities
• D)reporting the net effect of transfers between the general fund and debt service fund

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Definitions:

Translation

Synthesis of polypeptide chains at the ribosome in response to information contained in mRNA molecules.

Protein Synthesis

The process by which cells build proteins based on the instructions encoded in DNA, involving transcription and translation.

mRNA

Messenger RNA, a type of RNA that conveys genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein products of gene expression.

DNA

DNA, a molecule responsible for carrying the genetic blueprints essential for the growth, development, operational processes, and reproduction of all recognized living entities and numerous viruses.