Question
In the reconciliation process which of the following would be added to the net change in fund balances to arrive at the change in net
In the reconciliation process which of the following would be added to the net change in fund balances to arrive at the change in net position of governmental activities?
a. Issuance of long-term debt b. Construction of capital assets
c. Accrual of interest expense
d. Depreciation expense
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts
11th International Edition
9781266138225
