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hi, i need help with C6-2. not sure what more information is needed? reported the following liabilities, among - New York City) The City of
hi, i need help with C6-2. not sure what more information is needed?
reported the following liabilities, among - New York City) The City of New York, New York, the table are stated in thousands of dollars. None of these liabilities were due and payable at the indicated dates. The amounts that the city paid during the 20X5-20X6 fiscal year for each of these categories are presented in the following table. a. Calculate the amount of General Fund expenditures that the City of New York must report for the fiscal year ended June 30,206, assuming that all the amounts shown relate to General Fund departments and activities, for: 1. Judgments and claims 2. Vacation and sick leave 3. Pensions 4. OPEB b. How would your answers differ if 10% of each of the liability balances presented in the first schedule were due and payable at the end of 205 and the end of 206, respectively? (Adapted from a recent City of New York, New York Comprehensive Annual Financial Report.) reported the following liabilities, among - New York City) The City of New York, New York, the table are stated in thousands of dollars. None of these liabilities were due and payable at the indicated dates. The amounts that the city paid during the 20X5-20X6 fiscal year for each of these categories are presented in the following table. a. Calculate the amount of General Fund expenditures that the City of New York must report for the fiscal year ended June 30,206, assuming that all the amounts shown relate to General Fund departments and activities, for: 1. Judgments and claims 2. Vacation and sick leave 3. Pensions 4. OPEB b. How would your answers differ if 10% of each of the liability balances presented in the first schedule were due and payable at the end of 205 and the end of 206, respectively? (Adapted from a recent City of New York, New York Comprehensive Annual Financial Report.) Step by Step Solution
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