During 2010, the City of Coyote’s General Fund received $10,000, which was recorded as a general revenue when it was actually a program revenue earned by its park program.
a.What was the correct overall change for 2010 in the net assets reported on the government-wide financial statements?
b.In the general information, the parks reported net expenses for the period of $100,000. What was the correct amount of net expenses reported by the parks?
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