What follows are the statement of revenues, expenses, and changes in net position, and the statement of cashows for Tucson, Arizona 's eet services internal service fund 1 How do you account for the difference between net operating income of $105 and cash from operating activities of $10,789 Prepar...

1 Reconciliation of Operating Income to Cash Provided by Operating Activities Reported operating inc ...

What follows are the statement of revenues, expenses, and changes in net position, and the statement of

Question:

What follows are the statement of revenues, expenses, and changes in net position, and the statement of cashﬂows for Tucson, Arizona's ﬂeet services internal service fund.

1. How do you account for the difference between net operating income of $105 and cash from operating activities of $10,789? Prepare a reconciling schedule in which you account for the difference.

2. How would the revenues and expenses of the fund be reported on the city's government-wide statement of activity?

3. How would the revenues and expenses of the fund be reported on the city's statement of revenues, expenses, and changes in net position?

4. How would the difference between charges for services and cash received from customers be reﬂected on the city's government statement of net position?

5. How would the charges for services most likely be reﬂected on the city's general fund statement of revenues and expenditures and changes in fundbalance?

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