In a Reconciliation of Total Governmental Fund Balances to Net

Multiple Choice

In a reconciliation of total governmental fund balances to net position of governmental activities, which one of the following is not a correct reconciliation item?

A) Subtract accrued interest on long-term debt of governmental funds
B) Subtract noncurrent compensated employee absences payable of governmental funds
C) Add fiduciary fund net position
D) Add intangible assets of governmental funds