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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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9 years ago
A city has a long-term general government liability for compensated absences of $700,000 at the beginning of the year and $650,000 at the end of the year. What adjustment is needed to the fund balance to reconcile the governmental funds balance sheet information to net position for governmental activities in the government-wide statement?
A.   $(650,000).
B.   $(50,000).
C.   $50,000.
D.   $700,000.
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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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Posts: 10774
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9 years ago
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