Question

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?



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  • CreatedJanuary 08, 2015
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