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What basis of accounting does it appear ms ramirez has used

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Reference no: EM132473792

Expenses

Government services                         115,958

Sewer services                                   7,227

Miscellaneous                                     8,462

Total expenses                                131.647

Increase in net assets                            321

Net assets, January 1, 2020               327,953

Net assets, December 31, 2020          $328,274

Required

Question a. What basis of accounting does it appear Ms. Ramirez has used? Explain how you arrived at your answer.

Question b. Given what you know about the town's activities, what financial statements would the town be required to prepare using GASB standards?

Reference no: EM132473792

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