Thank you! “Governmental Fund Statements vs. Government-Wide Statements.” – Consider the following scenario:

One paragraph please. Thank you!”Governmental Fund Statements vs. Government-Wide 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
•Explain how the amount of revenue recognized differs between the governmental fund statements and the government­wide statements.Answer:Government which is not concerned about the…







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