Proprietary Fund Financial Statements. Von County has prepared the following statement of revenues,.

Proprietary Fund Financial Statements. Von County has prepared the following statement of revenues, expenses, and changes in fund net assets for its proprietary funds. The county has three enterprise funds and two internal service funds. Required The statement as presented is not in accordance with GASB standards. Identify the errors and explain how the errors should be corrected in order to conform with GASB standards. Along with the information in Chapter 7, Illustration Al- 8 will be helpful in identifying and correcting theerrors.

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