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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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10 years ago
Which of the following is a plausible explanation for the difference between the net change in fund balances of governmental funds (fund-level statement of revenues, expenditures, and changes in fund balances) and the change in net position of governmental activities (government-wide statement of activities)?
      a.   Some expenses reported in the statement of activities do not require the use of current financial resources and are not reported as expenditures in the fund-level statements
      b.   Amounts reported as expenditures in the statement of activities are reported as capital assets in the fund-level statements
      c.   Debt proceeds provide current financial resources in the statement of activities, but are reported as long-term liabilities in the fund-level statements
      d.   Depreciation of general fixed assets is not reported as an expense in the statement of activities, but it is reported as an expense in the fund-level statements
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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10 years ago
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goji.go Author
wrote...
#2
10 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
10 years ago
You're very welcome!
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