Question: For Simonsen Village prepare a government wide statement of net position
For Simonsen Village, prepare a government-wide statement of net position and statement of activities, and a governmental funds balance sheet and statement of revenues, expenditures, and changes in fund balances. Any ending balance in the Debt Service Fund is legally restricted to debt service payments on the firetruck. Also prepare reconciliations for the differences between the governmental and government-require you to determine what would differ under accrual accounting compared with modified accrual.)
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