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What typically are main adjustments relating to capital assets and long-term obligations required to convert the...

What typically are main adjustments relating to capital assets and long-term obligations required to convert the government funds statement of revenues and expenditures to the government-wide statement of activities?

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1. MAIN ADJUSTMENTS RELATING TO CAPITAL ASSETS

  1) ADJUST PROCEEDS FROM SALE OF FIXED ASSETS TO GAINS FROM SALE OF FIXED ASSETS AND RECORD THE DISPOSAL OF THE ASSET

2) RECORDING GENERAL FIXED ASSETS AND RELATED ACCUMULATED DEPRECIATION.

3) RECORDING DEPRECIATION EXPENSES FOR GENERAL FIXED ASSETS.

4) ELIMINATING CONSTRUCTION EXPENDITURES AND RECORDING THOSE AS CAPITAL ASSETS.

2. MAIN ADJUSTMENTS RELATING TO LONG TERM OBLIGATIONS

  1) ELIMINATING PROCEEDS OF BONDS SOLD AND RECORDING THE LIABILITIES INCURRED.

2) RECORD THE BEGINNING BALANCES OF GENERAL LONG-TERM DEBT.

3) MAKING ADJUSTMENTS FOR INTEREST EXPENSE ACCRUALS, INCLUDING AMORTIZATION OF BOND DISCOUNTS AND PREMIUMS.

4) ELIMINATING EXPENDITURES FOR BOND PRINCIPAL AND REDUCING THE ASSOCIATED LIABILITY.

  
  

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