Reporting of Expenditures and General Capital Assets Option #1: GASB Statement 34 and Reporting of Expenditures and General Capital Assets Provide complete answers to the following:

What conditions must be satisfied in order to use the modified approach for recording infrastructure?

With regard to the government-wide statements, indicate the three categories of Net Position that should be reported, and describe what would be put into each category.

With regard to the government-wide statements, distinguish between program revenues and general revenues. List three examples of each. What is the difference in reporting between program revenues and general revenues?

Reporting of Expenditures and General Capital Assets Paper Requirements

Submit your responses to the questions in a one- to two-page document in MSWord. Label each question clearly. For computations, please include them in a table.

For written answers, please make sure your responses are well written.

Follow the CSU-Global Guide to Writing & APA Requirements (Links to an external site.)Links to an external site..

The required number of pages for the assignment does not include the title page and references page.

Review the grading rubric, which can be accessed in the Module 4 folder. Reach out to your instructor if you have any questions about the assignment.

Option #2: GASB Statement 34 Reporting

Provide complete answers