Which of the following is not required to convert from the modified accrual basis to the accrual basis in preparing the government-wide statements?

Question

Quizplus · Accepted Answer

Balances from an enterprise fund's Statement of Net Position and Statement of Revenues, Expenses, and Changes in Fund Net Position are entered directly to the business-type activities sections of the government-wide statements. The government-wide statements and enterprise funds both use accrual accounting so the interest would have already been recorded in the enterprise fund.

Which of the Following Is not Required to Convert