The City of Santa Fe reported $175,000 of deferred tax revenue on  June 1, 2017, and $280,000 on May 31, 2018. What is the amount of the adjustment needed to the net position balance to reconcile the fund financial statements to the changes in fund net position in the government-wide statement?  

Group of answer choices

($105,000)

$105,000

$280,000

No adjustment is required on this reconciliation.

Answer rating: 100% (QA)

105000 105000 ... View the full answer