Question
In: Accounting
The following are some of the financial statements required in the State of New York CAFR:...
The following are some of the financial statements required in the State of New York CAFR:
- Government-wide statement: statement of net position
- Government-wide statement: statement of activities
- Fund statement: balance sheet–governmental funds
- Fund statement: statement of revenues, expenditures and changes in fund balances—governmental funds
- Fund statement: statement of net position–proprietary funds
- Fund statement: statement of revenues, expenses and changes in net position–proprietary funds
For each of the following balances related to the financial performance of the State of New York, indicate the number(s) of the statements on which the balance is reported.
Depreciation expense on general fund assets
2 and 4
2 only
2, 4 and 6
4 only
NOTE: 2 and 4 is INCORRECT
Solutions
Expert Solution
Depreciation is reported in the following statements
Fund Financial Statements - 5 Governmental Funds (Modified Accrual Basis)
1. Balance Sheet
2. Statement of Revenue, Expenditures, and Change in Fund
Balance
Fund Financial Statements - 2 Proprietary Funds
1. Balance Sheet
2. Statement of Revenue, Expenses, and Change in Net Assets
3. Statement of Cash Flows
The answer is 2,4 and 6 it is reported under all of these Statements
Statement of activities
Statement of revenues , expenditure and
Statement of proprietary funds
ekkarill92 answered 2 years agoRelated Solutions
The following are some of the financial statements required in the State of New York CAFR:...
The following are some of the financial statements required in
the State of New York CAFR:
1. Government-wide statement: statement of net position
2. Government-wide statement: statement of activities
3. Fund statement: balance sheet—governmental funds
4. Fund statement: statement of revenues, expenditures and
changes in fund balances—governmental funds
5. Fund statement: statement of net position–proprietary
funds
6. Fund statement: statement of revenues, expenses and changes
in net position—proprietary funds
For each of the following balances related to the financial
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Government-wide statement of net position. Statement of revenues,
expenditures, and changes in fund balances for all governmental
funds. Statement of revenues, expenses, and changes in net assets
for all fiduciary funds. Statement of cash flows for all
proprietary funds.
Income statements and balance sheets follow for The New York Times Company. Refer to these financial...
Income statements and balance sheets
follow for The New York Times Company. Refer to these financial
statements to answer the requirements.
The New York Times Company
Consolidated Statements of Income
Fiscal year ended
(in thousands)
Dec. 29, 2016
Dec. 30, 2015
Revenues
Circulation
$ 880,543
$ 851,790
Advertising
580,732
638,709
Other
94,067
88,716
Total revenues
1,555,342
1,579,215
Production costs
Wages and benefits
363,051
354,516
Raw materials
72,325
77,176
Other
192,728
186,120
Total production costs
628,104
617,812
Selling, general and administrative...
Income statements and balance sheets follow for The New York Times Company. Refer to these financial...
Income statements and balance sheets
follow for The New York Times Company. Refer to these financial
statements to answer the requirements.
The New York Times Company
Consolidated Statements of Income
Fiscal year ended
(in thousands)
Dec. 29, 2016
Dec. 30, 2015
Revenues
Circulation
$ 880,543
$ 851,790
Advertising
580,732
638,709
Other
94,067
88,716
Total revenues
1,555,342
1,579,215
Production costs
Wages and benefits
363,051
354,516
Raw materials
72,325
77,176
Other
192,728
186,120
Total production costs
628,104
617,812
Selling, general and administrative...
Income statements and balance sheets follow for The New York Times Company. Refer to these financial...
Income statements and balance sheets follow for The New York
Times Company. Refer to these financial statements to answer the
requirements.
The New York Times Company
Consolidated Statements of Income
Fiscal year ended
(in thousands)
Dec. 29, 2016
Dec. 30, 2015
Revenues
Circulation
$ 880,543
$ 851,790
Advertising
580,732
638,709
Other
94,067
88,716
Total revenues
1,555,342
1,579,215
Production costs
Wages and benefits
363,051
354,516
Raw materials
72,325
77,176
Other
192,728
186,120
Total production costs
628,104
617,812
Selling, general and administrative...
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