What adjusting entry is needed to prepare the city's government-wide financial statements from its fund-level financial statements?
a. No adjusting entry is needed
b. Available for capital assets 2,000,000
Bonds payable 2,000,000
c. Net investment in capital assets 2,000,000
Bonds payable 2,000,000
d. Other financing source - proceeds from bond issue 2,000,000
Bonds payable 2,000,000