2.99 See Answer

Question: Use the information in problem 44 to


Use the information in problem 44 to prepare the 2020 fund financial statements for (a) the govern- mental funds and (b) the proprietary funds. A statement of cash flows is not required. Assume the city defines “available” as within 60 days and that all funds qualify as major. Assume that major funds are labeled as “Special Revenue Fund” and “Capital Projects Fund.” The general fund is used for debt repayment.

2.99

See Answer