Which of the following adjustments will not be necessary to covert the measurement focus and basis of accounting found in the governmental funds to the governmental activities reported in the government-wide financial statements?

Question

Quizplus · Accepted Answer

The fair value of investments is already included in the government-wide financial statements, so no adjustment is necessary. Choices A, B, and C all involve reconciling the differences between the modified accrual basis used in the governmental funds and the accrual basis used in the government-wide financial statements.

Which of the Following Adjustments Will Not Be Necessary to Covert