Table 6: Statement of net assets
presentation for leases for the long-term (non-ownership-transferring) lease based on the fact pattern in Tables 2 and 3 Pike Township Schedule of items appearing on the Statement of Net Assets
12/31/year 1 Property, plant, and equipment: Right-of-use asset $ 27,232 Less: Accumulated amortization: Right-of-use asset 9,077 Right-of-use asset (net) $ 18,155 Current liabilities: Lease liability $ 9,070 * Long-term liabilities: Lease liability 9,524 ([dagger]) * Lease liability 12/31/year 1, $18,594, less the noncurrent amount, $9,524.
Exhibit 4 Sample Scope Paragraph for Initial Period of Adopting Liquidation Basis with Comparative Financial Statements for Prior Period Presented (Separately) We have audited the accompanying financial statements of XYZ Company, which comprise the statement of net assets
in liquidation as of December 31, 20X2, the related statement of changes in net assets in liquidation for the period from April 26 to December 31, 20X2, and the balance sheet as of December 31, 20X1, and the related statements of operations, changes in stockholders' equity, and cash flows for the year then ended and for the period from January 1 to April 25, 20X2, and the notes to the financial statements.
Government-wide statement of net assets
[??] Government-wide statement of net position
Cumulative unpaid balances would be reported in the statement of net assets
Long-term liabilities associated with proprietary funds should be presented in both the proprietary fund statement of net assets
and in the government-wide statement of net assets
After adopting Concepts Statement 4, GASB began to consider whether transactions addressed in new accounting standards resulted in reporting items in the government-wide and proprietary fund statements of net assets (and sometimes in the fiduciary funds statement of net assets
) that met the definitions of deferred outflows and deferred inflows.
Unlike the net pension obligation, the UAAL is not currently presented as a liability on the statement of net assets
. It is presented in the notes to the financial statements and required supplementary information.
Nonrecognized events consist of those events that provide evidence with respect to conditions that did not exist at the date of the statement of net assets
but arose subsequent to that date.
In our opinion, the accompanying statement of net assets
sold presents fairly, in all material respects, the net assets of XYZ Utility Company, as of June 30, 19x1, sold pursuant to the purchase agreement referred to in Note B, in conformity with generally accepted accounting principles.
The five-year forecast shall include the following financial statements: Forecasted Statements of Flows of Financial Resources and Changes in Fund Balance Forecasted Statement of Net Assets
Forecasted Statement of Revenues, Expenses, and Changes in Net Assets; and Forecasted Statement of Cash Flows Debt Service Coverage Analysis, Debt Service Payments, outstanding and additional debt requirements Comparison of quarterly residential bills for wastewater services with surrounding jurisdictions Funding sources for the allocated Ten-Year Estimated Capital Improvement Program for the Wastewater System
As an actual liability of the plan, premium stabilization reserves should be deducted from plan assets in the statement of net assets
available for benefits in order to arrive at the plan's net assets available for benefits.
53 has essentially incorporated the disclosure requirements of GASB Technical Bulletin (TB) 2003-1, Disclosure Requirements for Derivatives Not Reported at Fair Value on the Statement of Net Assets
. All the same, the credit risk disclosures of GASB Statement No.