A. The Basic Financial Statement and Required Supplementary Information of the Commonwealth of Puerto Rico, June...
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A. The Basic Financial Statement and Required Supplementary Information of the Commonwealth of Puerto Rico, June 30, 2019, forms the basis of the continuing problem in this course. Review the Basic Financial Statement to answer the following requirement of information: 1. What are the main sources of the government's revenues, and amounts, including those from both governmental, business-type activities, and component units? Indicate the percentage breakdown in relation of total revenues. (Prepare a schedule) 2. What are the main sources of Revenues (Total Governmental) in the Statement of Revenues, Expenditures, and Changes in Fund Balance -Governmental Funds? Indicate the percentage breakdown in relation of total revenues. (Prepare a schedule) 3. Does the government's government-wide statement of net position or governmental-fund balance sheet report deferred inflows of resources? If so, what is the most likely reason this amount has been deferred? (Prepare a schedule.) 4. What are the main sources of the Proprietary Funds revenues, amounts, and percentage breakdown in relation of total operating revenues? (Prepare a schedule) 5. Does the report discuss the Basis of Presentation, Measurement Focus and Basis if Accounting? (Brief summary) A. The Basic Financial Statement and Required Supplementary Information of the Commonwealth of Puerto Rico, June 30, 2019, forms the basis of the continuing problem in this course. Review the Basic Financial Statement to answer the following requirement of information: 1. What are the main sources of the government's revenues, and amounts, including those from both governmental, business-type activities, and component units? Indicate the percentage breakdown in relation of total revenues. (Prepare a schedule) 2. What are the main sources of Revenues (Total Governmental) in the Statement of Revenues, Expenditures, and Changes in Fund Balance -Governmental Funds? Indicate the percentage breakdown in relation of total revenues. (Prepare a schedule) 3. Does the government's government-wide statement of net position or governmental-fund balance sheet report deferred inflows of resources? If so, what is the most likely reason this amount has been deferred? (Prepare a schedule.) 4. What are the main sources of the Proprietary Funds revenues, amounts, and percentage breakdown in relation of total operating revenues? (Prepare a schedule) 5. Does the report discuss the Basis of Presentation, Measurement Focus and Basis if Accounting? (Brief summary)
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Analysis of the Basic Financial Statements and Required Supplementary Information of the Commonwealt... View the full answer
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
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