Question: As part of its economic condition project the GASB has
As part of its economic condition project, the GASB has tentatively indicated that economic condition is composed of three components. Identify and define the three components of economic condition.
Answer to relevant QuestionsIdentify some of the characteristics of a government’s citizens that can affect the government’s financial condition. Explain how the characteristics affect financial condition.The City of Lawton, Oklahoma, uses the Crawford Performeter® as a financial analysis tool. Results of the analysis are made available to the public. Performance measures from the City of Lawton’s 2009 Performeter® ...Buffalo County expended federal awards during the most recent fiscal year in the following amounts for the programs shown:Additional information indicates that Programs 4 and 10 were audited as major programs in each of the ...Discuss some of the differences in the preparation and presentation of the operating statements of nongovernmental not-for-profit entities and governmental not-for-profit entities reporting as business-type entities.Explain which NFP organizations have to file a Form 990. Because there are different types of Form 990, explain how an NFP would know which type it must file.
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