Author Question: The required reconciliation of the governmental fund balance sheet to the governmental activities ... (Read 109 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
The required reconciliation of the governmental fund balance sheet to the governmental activities statement of net position does not include adjustments related to
 
  A. Capital assets.
  B. Interfund charges for services.
  C. Deferred revenue.
  D. Long-term liabilities.

Question 2

The City of Maysville's General Fund balance sheet for its December 31, 2013 year end shows inventory of 28,000 and prepaid rent of 10,000 .
 
  The city also had 60,000 of outstanding encumbrances related to unassigned resources in its General Fund at year-end. In December 2013, a grantor provided the City with 42,000 that must be used to pay musicians who perform in the city's series of summer concerts in the park during 2014 . How much should the city report as assigned fund balance in its General Fund on December 31, 2013?
   a. 28,000
   b. 38,000
   c. 42,000
   d. 60,000
   e. 98,000



aruss1303

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

B

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

For a complete list of videos, visit our video library