Question

The following information was available about items that differed between the governmental funds and the government-wide statements. Assume that there are no internal service funds. The schedule of capital assets prepared for the year ended December 31, 2012, included the following items:


The bond was issued at the beginning of the year and the following amortization schedule is available:


The total fund balances for governmental activities was $3,125,000 at the end of the year.

Required:
Prepare the reconciliation of the governmental fund balances to the net assets reported for governmental activities on the Statement of Net Assets as of December 31,2012.


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  • CreatedMarch 16, 2015
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