Oliver city reported capital assets of $4,300,000 and accumulated depreciation of $2,000,000 in the governmental activities column of its government-wide statement of net position for the year ended december 31, 2018. the total governmental funds column in oliver’s calendar year 2019 statement of revenues, expenditures, and changes in fund balances showed that oliver’s capital outlay expenditures were $340,000. oliver city’s director of finance estimated that total depreciation for 2019 was $200,000. based on this information, prepare journal entries to adjust oliver’s 2019 fund financial statements so government-wide statements can be prepared.

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.