1,Examine American Red Cross net assets.

Provide the details for the net asset (asset less liability) section of the consolidated statement of financial position for The American National Red Cross for the fiscal year ended June 30, 2017 (or the most recent available on their website). Go to www.redcross.org, then About Us, Who We Are, Governance to find the audited consolidated financial statements. Use this audited financial statement not the IRS Form 990.

2,

Explore East Lansing MIs net position section of government-wide statements.

Provide the details for the net position (asset less liability) section of the statement of net position (like a balance sheet) for The City of East Lansing, MI. Go to www.cityofeastlansing.com , then Government, Departments, Finance and look for the most recent Comprehensive Annual Financial Reports (CAFR). Use the governmental activities column for the primary government (that is, ignore the columns for business-type activities and component units, if any). Provide the page number from the CAFR for this statement (not PDF page number).

3.

Locate the GASBs mission statement on its website.

Go to www.gasb.org and locate the mission statement of this not-for-profit organization, usually in the area called About Us. How does the GASBs mission differ from that of the FASB. Over which kind of entities does GASB have standards-setting authority?