Bowles Countys fund structure is as follows: General Fund Three Special Revenue Funds One Capital Projects Fund

Question:

Bowles County’s fund structure is as follows:
General Fund
Three Special Revenue Funds
One Capital Projects Fund
Two Debt Service Funds
Three Internal Service Funds
Five Enterprise Funds
Assume that Special Revenue Fund #1, the Capital Projects Fund, Enterprise Fund #1, and Enterprise Fund #4 are major funds.

Required
a. List the combining required in the Bowles County CAFR.
b. List the headings of the columns that should be included in each combining statement.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...