The reconciliations required to be presented on the face of the governmental fund financial statements or in separate schedule immediately after the fund financial statements include:
A) Reconciliation from the governmental fund Balance Sheet to the Statement of Net Position.
B) Reconciliation from the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities.
C) Both A & B.
D) No reconciliations are required to be submitted.
Correct Answer:
Verified
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