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Business, 15.10.2021 01:00 seawu

According to the information provided, the general fund reported a $41,250 increase in its fund balance. If the accountant had used the allowed alternative, what would the city report as the change in fund balance for the general fund for the year? According to the information provided, the parks reported net expenses of $108,000. If the accountant had used the allowed alternative, what would the city report as the correct net expense for parks for the year? Assume the same information except that the art was given to the art museum but then not recorded at all. What should have been the overall change in net position for Year 4 on government-wide financial statements, assuming that officials still preferred the allowed alternative?

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