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Using the Comprehensive Annual Financial Report obtained for Exercise 1–1, answer the following questions. Exercise 2-1...

Using the Comprehensive Annual Financial Report obtained for Exercise 1–1, answer the following questions. Exercise 2-1 Part d d. From the Statement of Activities, identify and write down the following: (1) net program expense (or revenue)—governmental activities; (2) net program expense (or revenue)—business-type activities; (3) net program expense (or revenue)—component units; (4) change in net position—governmental activities; (5) change in net position—business-type activities; and (6) change in net position—component units. Does the ending net position in this statement agree with the net position figures in the Statement of Net Position?

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Answer #1

Yes, Ending Net position in the statement is derived in the statement of net position.

statement of net position means Opening balance Plus changes which may be addition or deduction and then arriving at ending net position.

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