Below are the complete set of published financial statements taken from the annual report of the Jamestown Museum.The statements do not comply with generally accepted accounting principles for private not-for-profits in a number of ways.Review these statements and describe instances in which the statements fail to comply with accepted accounting standards.You must be able to justify your assertions - for example you cannot say they failed to capitalize leases if there is no evidence they have a qualifying lease.
Example:
(1)The financial statements contain no note disclosures.The notes are an integral part of the financial statements and many individual disclosures are required under FASB standards.
Definitions:
Q6: When preparing the government-wide financial statements,how much
Q8: A public college had tuition and fees
Q9: Which of the following is true regarding
Q12: The statement reflecting revenues,expenses,and other changes in
Q23: Health care organizations that are privately owned
Q49: A government reported,in its government-wide Statement of
Q50: Which of the following items,helpful for analysis,could
Q57: An endowment to provide scholarships would be
Q91: The equity section of the balance sheet
Q123: Which of the following student tuition or