The governmental fund statements


Consider the following scenario: a private citizen makes an unrestricted pledge of $5 million to a city's museum. the city is confident that the donor will fulfill her pledge. however, the cash will not be received for at least two years. respond to the following:explain how the amount of revenue recognized differs between the governmental fund statements and the government-wide statements.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: The governmental fund statements
Reference No:- TGS0706409

Expected delivery within 24 Hours