During 2008, the City of Coyotes General Fund received $ 10,000, which was recorded as a general
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During 2008, the City of Coyote’s General Fund received $ 10,000, which was recorded as a general revenue when it was actually a program revenue earned by its park program.
a. What was the correct overall change for 2008 in the net assets reported on the government-wide financial statements? LO9
b. In the general information, the parks reported net expenses for the period of $100,000. What was the correct amount of net expenses reported by the parks?
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Related Book For
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
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