Chapter_2_HW_2-1 - CSUSB ACCOUNTING 468 ACCOUNTING FOR...

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CSUSB ACCOUNTING 468 – ACCOUNTING FOR GOVERNMENTS AND NON-PROFIT ORGANIZATIONS HOMEWORK 2-1 Examine the CAFR. Utilizing the CAFR obtained for Homework 1-1, examine the financial statements  included in the financial section and answer the following questions. If the CAFR you have obtained does not  conform to GAAP, it is recommended that you obtain one that does. 1. Government-wide Statements. a. What are the titles of the two government-wide statements?   Statement of Net Assets, Statement of Activities. b. Are   total   assets   larger   for   governmental   activities   or   business-type   activities?  Governmental activities. c. Which function or program has the highest net cost?  Police d. What kinds of general revenues are available to cover the net cost of governmental activities?  Taxes, Investment earnings, Gain on sale of assets. e.
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This note was uploaded on 02/23/2010 for the course ACCT 34231 taught by Professor Navaroli during the Spring '10 term at CSU San Bernardino.

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Chapter_2_HW_2-1 - CSUSB ACCOUNTING 468 ACCOUNTING FOR...

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