2. Which of the following adjustments is necessary to move from governmental fund financial statements to government-wide financial statements? a. Eliminate expenditures for debt principal b....


2. Which of the following adjustments is necessary to move from governmental fund financial statements to government-wide financial statements?


a. Eliminate expenditures for debt principal


b. Eliminate expenditures for capital outlay and add depreciation expense


c. Both of the above


d. Neither of the above



Dec 27, 2021
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