During 2015, the City of Coyote’s General Fund received $10,000, which was recorded as a general revenue when it was actually a program revenue earned by its park program.
a. What was the correct overall change for 2015 in the net position 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?