Question

What follows are the statement of revenues, expenses, and changes in net position, and the statement of cashflows for Tucson, Arizona's fleet services internal service fund.
1. How do you account for the difference between net operating income of $105 and cash from operating activities of $10,789? Prepare a reconciling schedule in which you account for the difference.


2. How would the revenues and expenses of the fund be reported on the city's government-wide statement of activity?
3. How would the revenues and expenses of the fund be reported on the city's statement of revenues, expenses, and changes in net position?
4. How would the difference between charges for services and cash received from customers be reflected on the city's government statement of net position?
5. How would the charges for services most likely be reflected on the city's general fund statement of revenues and expenditures and changes in fundbalance?


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  • CreatedAugust 13, 2014
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