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Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition by Paul Copley, John Engstrom
Edition 10ISBN: 9780073527055Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition by Paul Copley, John Engstrom
Edition 10ISBN: 9780073527055 Exercise 5
The 2008 financial statements of the Internal Revenue Service are available at: http://www.gao.gov/new.items/d09119.pdf. Use these to answer the following questions:
a. Statement of Net Costs
1. What are the IRS's two largest programs based on net cost
b. Statement of Changes in Net Position
2. What is the largest source of financing for the activities of the IRS
c. Statement of Custodial Activity
3. What activity is reported in this statement (i.e., what is the IRS doing)
a. Statement of Net Costs
1. What are the IRS's two largest programs based on net cost
b. Statement of Changes in Net Position
2. What is the largest source of financing for the activities of the IRS
c. Statement of Custodial Activity
3. What activity is reported in this statement (i.e., what is the IRS doing)
Explanation
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Financial Statements of the U.S. Interna...
Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition by Paul Copley, John Engstrom
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