Which of the following items is NOT included in reconciling the governmental funds operating statement information to the changes in net position in the government-wide statement?

Question

Quizplus · Accepted Answer

Increase in salaries payable is a liability account and does not affect the changes in net position, which is the difference between assets and liabilities in the government-wide statement. Depreciation, amortization of bond premiums, and expenditures for retirement of general long-term debt principal are all items that are adjusted when reconciling the governmental funds operating statement information to the changes in net position in the government-wide statement.

Which of the Following Items Is NOT Included in Reconciling