Which of the following adjustments would be made when moving from the governmental funds balance sheet to the governmental activities column in the government-wide Statement of Net Position?

Question

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The worksheet entry with respect to internal service funds records the balances in the asset, liability and fund balance accounts as of the beginning of the year for internal service funds. The worksheet entry with respect to capital assets is to record the capital assets and related accumulated depreciation as of the beginning of the year.

Which of the Following Adjustments Would Be Made When Moving