{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ch01web

ch01web - CHAPTER 1 INTRODUCTION TO ACCOUNTING AND...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 1: INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENTAL AND NOT-FOR- PROFIT ENTITIES Solutions to Exercises and Problems 1-2. 1. c. 6. d . 2. d. 7. b . 3. a . 8. c . 4. b . 9. a . 5. b . 10. d . 1-3. This is an exercise that may generate considerable discussion in class, as some of the answers depend on individual judgments and interpretations. Keeping this in mind, you may wish to provide some leeway in grading this exercise, depending on how you literally you interpret the terms “funds” and “activities.” See Notes a and b for suggested guidelines. Financial Statements Activities or Funds Reported Basis Of Accounting Measurement Focus Statement of net assets—GW GA, BTA (see Note a) A ER Statement of activities—GW GA, BTA (see Note a) A ER Balance sheet— governmental funds GF (see Note b) MA CFR Statement of revenues, expenditures, and changes in fund balances— governmental funds GF (see Note b) MA CFR Statement of net assets—proprietary funds PF
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

ch01web - CHAPTER 1 INTRODUCTION TO ACCOUNTING AND...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online