To compute the net debt per capita, a user of financial statements would need to look at (in the CAFR):
A) The debt in the government-wide Statement of Net Assets, the amount available to pay that debt in the governmental funds Balance Sheet and the population from the statistical section
B) The debt and the amount available to pay that debt in the governmental funds Balance Sheet and the population from the statistical section
C) The debt in the governmental funds Balance Sheet, the amount available in the government-wide Statement of Net Assets and the population from the statistical section
D) All three items from the government-wide Statement of Net Assets

Question

Quizplus · Accepted Answer

To compute the net debt per capita, the user of financial statements needs to look at both the debt and the amount available to pay that debt. The government-wide Statement of Net Assets provides information on the total debt, while the governmental funds Balance Sheet shows the amount available to pay that debt. Additionally, the population from the statistical section is needed to calculate the per capita amount. Therefore, both the debt in the government-wide Statement of Net Assets and the amount available to pay that debt in the governmental funds Balance Sheet, along with the population from the statistical section, are required to compute the net debt per capita. Thus, the correct choice is A.

To Compute the Net Debt Per Capita, a User of Financial