In Order to Convert the Governmental Fund Statement of Revenues

Multiple Choice

In order to convert the governmental fund statement of revenues, expenditures, and changes in fund balances to a government wide statement of activities, which of the following activities is necessary?
1) Eliminate capital outlay expenditures
2) Reclassify revenues between program revenues and general revenues
3) Record bad debt expenses
4) Convert revenues from the economic flow of resources accrual basis to the current financial resources modified accrual basis

A) 1, 3, 4
B) 1, 2, 3
C) 1, 2, 3, 4
D) 1, 2, 4