During 2015, the City of Coyote contracted to build a bus stop for schoolchildren costing $10,000 as
Question:
a. In the general information above, the capital projects fund reported a $40,000 increase in its fund balance for this year. What was the correct change in the capital projects fund’s balance during 2015?
b. In the general information, a $150,000 overall increase in the city’s net position was found on the government-wide financial statements. What was the correct overall change in the city’s net position on the government-wide financial statements?
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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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