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Total governmental fund balances should be reconciled to the net position of governmental activities in the government-wide statements of net position. All of the following
Total governmental fund balances should be reconciled to the net position of governmental activities in the government-wide statements of net position. All of the following are components of this reconciliation except a) Internal service funds. b) Long-term liabilities. c) Bonds payable in the current period. d ) Capital assets.
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