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When converting the multiple governmental funds to the single entity represented by the governmental activities in the government-wide financial statements, which of the following adjustments
When converting the multiple governmental funds to the single entity represented by the governmental activities in the government-wide financial statements, which of the following adjustments will not be necessary?
- Converting the cash account to reflect the different basis of accounting.
- Adjusting for capital assets.
- Adjusting for long-term liabilities.
- Converting fund balance to net position.
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