The City of Coyote mailed property tax bills for 2016 to its citizens during August 2015. Payments
Question:
a. In the general information above, an overall increase in the city’s net position of $150,000 was found on the government-wide financial statements. What was the correct overall change in the city’s net position as reported on the government-wide financial statements?
b. In the general information above, an overall increase of $30,000 was reported in the general fund balance. What was the correct change during 2015 in the general fund’s balance?
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Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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