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Business, 15.04.2020 20:20 bchagnard2122

Assume that the one component unit had program revenues of $47,600 and expenses of $64,000 and spent $10,900 for land during Year 4. However, it should have been handled as a blended component unit, not as a discretely presented component unit. According to the information provided above, the overall increase in net position reported was $154,000. What was the correct overall change in the net position in the government-wide financial statements?

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Assume that the one component unit had program revenues of $47,600 and expenses of $64,000 and spent...
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