Examine the Statement of Activities in the appendix to this chapter. 1. For each of the six

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Examine the Statement of Activities in the appendix to this chapter.
1. For each of the six governmental activities listed (from general government to Parks, Recreation, and Cultural Activities), did the program revenue exceed program expenses?
List the excess or deficit for each activity.
2. For each of the six business-type activities listed (from Watershed Management to Civic Center), did the program revenue exceed program expenses? List the excess or deficit for each activity.

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Advanced Accounting

ISBN: 978-1118098615

5th Edition

Authors: Debra C. Jeter, Paul Chaney

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