2.99 See Answer

Question: During 2020, the City of Coyote received $


During 2020, the City of Coyote received $10,000, which was recorded as a general revenue in the general fund. It was actually a program revenue earned by the city’s park program.
a. What was the correct overall change for 2020 in the net position reported on the government- wide financial statements?
b. In the general information, the parks program reported net expenses for the period of $100,000. What was the correct amount of net expenses that should have been reported by the parks program?

2.99

See Answer