What top three biggest assets are reported for general fund
Course:- Financial Accounting
Reference No.:- EM131215204

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Financial Accounting

City of Erie 2015

1. How does the audit opinion given to this city by its independent auditors differ from the audit opinion rendered on the financial statements for a for-profit business?

2. A reconciliation should be presented to explain the difference between the net changes in fund balances for the governmental funds (fund financial statements) and the change in net position for the governmental activities (government-wide financial statements). List three reconciliation elements and their $

3. What were the city of Erie's top 3 largest sources of general revenues? (List 3 sources and numbers)

4. What was the total amount of expenditures recorded by the general fund during the period? How were those expenditures classified?

5. What top 3 biggest assets are reported for the general fund? (List3 sources and numbers)

6. Review the notes to the financial statements and then determine the number of days the government uses to define the end-of-year financial resources that are viewed as currently available.

7. Did the size of the general fund balance increase or decrease during the most recent year and by how much?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Financial Accounting) Materials
The called up share capital of Jerry consists of the following: On 1 April 20x4, Tom acquired 80% of the ordinary shares in Jerry. The income statement of Jerry foe year ended
Analyze the gross profit, operating profits, and net income of both Exxon and Chevron for 2012 and 2013. Of the two companies, speculate on the main reasons why one company
Suppose you were considering replacing 50 full-time programmers, each receiving the following annually: o $60,000 salary o $5,000 pension fund contributions o $1,000 each in m
Prepare a CVP graph with ‘‘Units Sold'' as the horizontal axis and ‘‘$ Profit'' as the vertical axis. Label the break-even point on the horizontal axis.
Barton Company uses the indirect method of preparing the Statement of Cash Flows and reports the following comparative balance sheet information. Prepare a Cash Flow Stateme
On January 2, 2012, Nash Corporation issued $1,550,000 of 10% bonds at 98 due December 31, 2021. Interest on the bonds is payable annually each December 31. The discount on th
Gasoline prices at $3.00 per gallon, consumers are rushing to purchase hybrid vehicles that get 50 miles per gallon of gasoline. The montly payment on a three year lease of a
Evaluate the effect on classification, carrying value, and earnings for each of the given situations. Discuss whether U.S. GAAP under SFAS No. 115 or the needs of IAS.