Give examples of items (transactions) that would require reconciliation of total governmental fund balances to net position
Question:
Give examples of items (transactions) that would require reconciliation of total governmental fund balances to net position of governmental activities.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
List of the items requiring reconciliation when going from the modi...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
Question Posted:
Students also viewed these Business questions
-
Give four examples of activities and related cost-allocation bases that can be used in an ABC system to allocate costs to products, services, or customers.
-
Give two examples of other equity items (items that bypass the income statement and go directly to the equity section of the balance sheet).
-
Give examples of two nonvalue-added activities that may be found in each of the following organizations: (1) A university, (2) A restaurant, and (3) A bicycle repair shop.
-
Inscribe a detailed paper on RFID Solutions and Standards in the Transportation Industry.
-
Repeat the previous problem, this time finding the magnitude and direction of the net force acting on the Sun. Give the direction relative to the line connecting the Sun and the Moon. When the Earth,...
-
On October 5, your company buys and receives inventory costing $5,000, on terms 2/30, n/60. On October 20, your company pays the amount owed relating to the October 5 purchase. Prepare the journal...
-
Develop the Weber number by starting with estimates for the inertia and surface tension forces.
-
A diesel-powered tractor with a cost of $214,000 and estimated residual value of $30,000 is expected to have a useful operating life of 50,000 hours. During January, the tractor was operated 175...
-
Please watch the Google Talk on Valuation featuring Aswath Damodoran, Professor of Finance at NYU. What are two things that surprised you about Aswath's presentation. Was there anything learned that...
-
In the island nation of Autarka, there are two amusement parks: Alfonso's Wonderland and Bernice's Wild Rides. The amusement parks are located at either end of the island, 1km apart. Recently, a...
-
What financial statement reconciliations are required by the GASB, and why are they required?
-
What is the financial reporting model project, and why is it important?
-
Explain how you would use the alkene starting material in Problem 6.13 to determine the absolute configuration of the dextrorotatory enantiomer of the following hydrocarbon: Indicate what reaction...
-
14. A payroll deduction program can be set up by an employer to provide employees with pretax individual retirement accounts: 401(k) for private agencies or a 457(b) for public agencies. Eligible...
-
Transcript: Sheryl Connelly is Ford's manager of global consumer trends and futuring. While she works for the auto giant. Her job has little to do with cars. She looks for trends that will influence...
-
Bea 8. Let us consider two successive approximationsa, anda = . If the true error ofa.is -0.00157287525380978, soa = . Given the previous value ofa,, if the approximate error ofa, is 0.03, soa =...
-
Discuss your strengths in building trust as a collaborative leader. Identify your most important areas for improvement in building trust. Discuss how trust determines relationships within the public...
-
1. Calculate the NPV of the following project cash flows which come in at the end of the year: $500 in Year 1, $700 in Year 2, and $1000 in Year 3; using a discount rate of 7%. The firm has a net...
-
What is your strongest and weakest area of networking? How will you improve your networking skills? Include two or three of the most important tips you learned that you will use.
-
A non-charmed baryon has strangeness S = 2 and electric charge Q = 0. What are the possible values of its isospin I and of its third component I z ? What is it usually called if I = 1/2?
-
The controller is considering whether a component unit should be presented in the financial statements as a discrete or a blended component unit. What should be considered in making the decision?
-
Explain the difference between a CAFR and general purpose external financial reports.
-
Assuming that a government has governmental, proprietary, and fiduciary funds, identify the nine financial statements that must be prepared for the CAFR.
-
Thanasi has a business snowplowing. He uses a 2018 Ford Rapture with a snowplow outfitted to it. While plowing a driveway, he negligently ran it into the side of the neighbour's house. The damage to...
-
Mary was so excited about the holiday shopping season that she could hardly wait for the Black Friday sales. She got up early and spent all day at her favorite store, Mega Deals, shopping. Mary was...
-
This can be done as a group or individually. If done in a group, all group members must submit a copy of this assignment to receive a grade. If you were to open a business, what type of business...
Study smarter with the SolutionInn App