Question
The following items were included in Castle City's General Fund expenditures for the year ended June Personal computer for the city treasurer $ 6,000 Furniture
The following items were included in Castle City's General Fund expenditures for the year ended June
Personal computer for the city treasurer $ 6,000
Furniture for the mayors office $ 20,000
How much should be classified as capital assets in Castle City's General Fund balance sheet at June 30? ANSWER: 0
How much should be classified as capital assets in Castle City's government-wide statement of net position at June 30? ANSWER: 26000
Could you explain what is the difference between those two statement?
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
