7. government - wide financial statements require using the economic resources measurement focus and accrual…

7. government - wide financial statements require using the economic resources measurement focus and accrual basis of accounting for governmental and business activities. this requirement almost always leads to the need for the following adjustments except: \na. capital assets, including infrastructure assets, and their related depreciation.\nb. proceeds from issuing long - term debt and payments of debt principal.\nc. accrual revenues recognized in internal service funds.\nd. property tax revenues recognized in the general fund.

7. government - wide financial statements require using the economic resources measurement focus and accrual basis of accounting for governmental and business activities. this requirement almost always leads to the need for the following adjustments except: \na. capital assets, including infrastructure assets, and their related depreciation.\nb. proceeds from issuing long - term debt and payments of debt principal.\nc. accrual revenues recognized in internal service funds.\nd. property tax revenues recognized in the general fund.

Answer

Brief Explanations:

Under the economic - resources measurement focus and accrual basis for government - wide financial statements, capital assets with depreciation (A), accrual revenues in internal service funds (C), and property tax revenues recognized on an accrual basis in the general fund (D) often require adjustments. Proceeds from issuing long - term debt and payments of debt principal are financing activities and do not typically require the same type of adjustments related to the economic resources measurement focus and accrual basis accounting for operating activities.

Answer:

B. Proceeds from issuing long - term debt and payments of debt principal.