On what statement does the amortization of tangible capital assets appear as a reconciling item?
A)Statement of financial position
B)Statement of operations
C)Statement of changes in net debt
D)Statement of cash flows

Question

Quizplus · Accepted Answer

The amortization of tangible capital assets appears as a reconciling item on the Statement of Changes in Net Debt. This statement shows the change in the government's net debt over a period, and the amortization of tangible capital assets is a non-cash item that affects the calculation of net debt. The other statements mentioned do not typically have a reconciling item for amortization of tangible capital assets.

On What Statement Does the Amortization of Tangible Capital Assets