90.2K
Verified Solution
Link Copied!
The financial statements contain the following data regarding financial position :
Governmental fund balances | $5,000,000 |
Capital assets used in governmental activities | 2,375,000 |
Accumulated depreciation on capital assets used in governmental activities | 425,000 |
Long term debt obligations issued to finance governmental projects | 3,700,000 |
Internal service fund net assets | 375,000 |
Proprietary fund net assets | 8,675,000 |
Fiduciary fund net assets | 1,750,000 |
Determine the amount in which each line item would be handled in reconciling fund financial statements to government-wide financial statements.
A | B |
Fund Balance | |
Capital assets used in governmental activities | |
Accumulated depreciation on capital assets used in governmental activities | |
Long term debt obligation issued to finance governmental projects | |
Internal service fund net position | |
Proprietary fund net position | |
Fiduciary fund net position | |
Net position, governmental activities | |
This is all given!!!!
Answer & Explanation
Solved by verified expert