Option #1: GASB Statement 34 and Reporting of Expenditures and General Capital Assets
Provide complete answers to the following:
- What conditions must be satisfied in order to use the modified approach for recording infrastructure?
- With regard to the government-wide statements, indicate the three categories of Net Position that should be reported, and describe what would be put into each category.
- With regard to the government-wide statements, distinguish between program revenues and general revenues. List three examples of each. What is the difference in reporting between program revenues and general revenues?
Paper Requirements:
- Submit your responses to the questions in a one- to two-page document in MSWord. Label each question clearly. For computations, please include them in a table.
- For written answers, please make sure your responses are well written.
- Follow the CSU-Global Guide to Writing & APA Requirements.
- The required number of pages for the assignment does not include the title page and references page.
