During 2013, the City of Coyote's General Fund received $10,000, which was recorded as general revenue when

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During 2013, the City of Coyote's General Fund received $10,000, which was recorded as general revenue when it was actually a program revenue earned by its park program.
a. What was the correct overall change for 2013 in the net assets reported on the government wide financial statements?
b. In the general information above, the parks reported net expenses for the period of $100,000. What was the correct amount of net expenses reported by the parks?
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Related Book For  answer-question

Fundamentals of Advanced Accounting

ISBN: 978-0077667061

5th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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