For the following items that require reconciliation between governmental funds financial statements and governmental activities financial statements at the government-wide level according to GASBS 34,indicate whether the reconciliation will A)always be subtracted from fund balances-governmental funds,B)always be added to fund balances-governmental funds,or C)may be added to or subtracted from fund balances-governmental funds in arriving at net assets of governmental activities.
_____ 1.Capital assets used in governmental activities
_____ 2.Long-term liabilities that are not payable in the current period
_____ 3.Net assets of internal service funds that are primarily governmental in nature
_____ 4.Accrued interest payable not due in the current period

Question

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The Answer of For the following items that require reconciliation between governmental funds financial statements and governmental activities financial statements at the government-wide level according to GASBS 34,indicate whether the reconciliation will A)always be subtracted from fund balances-governmental funds,B)always be added to fund balances-governmental funds,or C)may be added to or subtracted from fund balances-governmental funds in arriving at net assets of governmental activities.
_____ 1.Capital assets used in governmental activities
_____ 2.Long-term liabilities that are not payable in the current period
_____ 3.Net assets of internal service funds that are primarily governmental in nature
_____ 4.Accrued interest payable not due in the current period

For the Following Items That Require Reconciliation Between Governmental Funds