Question: What minimum classifications must be used to report net position
What minimum classifications must be used to report net position in the government-wide Statement of Net Position? In the proprietary funds Statement of Net Position?
Answer to relevant QuestionsWhat is meant by “major fund reporting”? How does it differ from reporting by fund type? For what fund types is major fund reporting required? For what fund types is fund type reporting required?What expenses should be reported as separate line items instead of being classified by function in the government-wide Statement of Activities?Prepare the net position section for governmental activities in the government-wide Statement of Net Position for the City of Josiah at June 30, 20X6, given the following information as of that date.General Fund Committed ...What information from governmental funds financial statements is used in the worksheet(s) for deriving governmental activities data for government-wide financial statements?For what items might a government need to adjust interest expenditures amounts to convert them to interest expenses?
Post your question