Question: Dare County, NC reports the following information about its compensated absence liabilities for fiscal 2010: Assume that liability reductions were cash payments to employees, andthat
Dare County, NC reports the following information about its compensated absence liabilities for fiscal 2010:
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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?
Governmental Business-type Activities Activities $240 103 (116 $227 (in thousands) July 1.2009, balance Additions Reductions. $2,696 1,065 (1,093) $2,668 June 30, 2010, balance...
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