Enterprise Fund for a utility operation: Invested in capital assets, net of related debt, would be a.
Question:
Enterprise Fund for a utility operation:
Invested in capital assets, net of related debt, would be
a. $7,310,500.
b. $8,310,500.
c. ($2,189,500).
d. $4,310,500.
e. $1,810,500.
Transcribed Image Text:
Outstanding bonds issued for capital improvements. Transfer to General Fund (occurs annually).... Charges for services earned in the current year.. Unspent capital bond issue proceeds.... Salaries and wages expense for the current year Interest earnings on all investments... ***** ..... Fair market value of water lines donated by a local developer...... Net book value of all other existing capital assets.. $ 10,500,000 500,000 14,600,750 4,000,000 9,600,000 600,000 1,000,000 7,310,500
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the answer is a 7310500 Heres how I arrived at the answer The net book value of all ...View the full answer
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Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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