Governmental – Ch 5 – Solutions to selected Problems
The reconciling conversion adjustment to prepare the government-wide statements would be to record the donated asset: Capital Assets - Buildings 8,000,000 Contribution (or Donation) Revenue 8,000,000 (reference pages 92, 136-140) 9. Long-term liabilities. Tecumseh issued $50,000,000 in long-term bonds with total issuance costs of $300,000 and a ... ................
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