A. Compare the Balance Sheet of Colgate-Palmolive with the Balance Sheet of the City of Dallas Governmental-Type Funds for 2014.

B. Compare the Income statement of Colgate-Palmolive with the City of Dallas Statements of Revenue, Expenditures and Changes in Fund Balances for 2014.

This is a descriptive financial analysis; no data analysis is required.This question requires us to compare a governmental fund balance sheet and Statements of revenue, expenditures and changes in fund balance with the business equivalents in the for-profit sector.

Answer rating: 100% (QA)

A ColgatePalmolive is a corporation incorporated for commercial purpose with profits as their main motive whereas City of Dallas is a governmentowned organization with social objective and hence the p... View the full answer