Governmental Accounting.
1) Explain why property tax revenues may be different on the Governmental fund type statement of revenues, expenditures, and changes in Fund balance compared to the Government- wide statement of activities. Please add some specificity to your answer.
2) Give one specific example of a worksheet entry as Governmental fund type financial statement information is converted or adjusted to Government-wide Governmental activities financial statment information in regard to capital assets. Please do not answer this question by giving a journal entry.
3) What are some of the key differences between the proprietary statement of cash flows and the FASB for-profit statement of Cash flows( Four differences)
Governmental Accounting.
1) Explain why property tax revenues may be different on the Governmental fund type statement of revenues, expenditures, and changes in Fund balance compared to the Government- wide statement of activities. Please add some specificity to your answer.
2) Give one specific example of a worksheet entry as Governmental fund type financial statement information is converted or adjusted to Government-wide Governmental activities financial statment information in regard to capital assets. Please do not answer this question by giving a journal entry.
3) What are some of the key differences between the proprietary statement of cash flows and the FASB for-profit statement of Cash flows( Four differences)
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