Dare County, NC reports the following information about its compensated absence liabilities for fiscal 2010: Assume that

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Dare County, NC reports the following information about its compensated absence liabilities for fiscal 2010:
Dare County, NC reports the following information about its compensated

Assume that liability reductions were cash payments to employees, andthat internal service fund compensated absences included in governmental activities are as follows:
(in thousands)Internal Service Fund
July 1, 2009, balance............................................................$59
Additions...........................................................................80
Reductions........................................................................ (85)
June 30, 2010, balance............................................................$54
Required
How is the above information reported in the government-wide and fund financial statements?

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Advanced Accounting

ISBN: 978-1934319307

2nd edition

Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III

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