For the year ended June 30, 20X5, Stanton Townships enterprise funds reported an increase in net position

Question:

For the year ended June 30, 20X5, Stanton Township’s enterprise funds reported an increase in net position of $300,000 and ending net position of $4,500,000 at

June 30, 20X5. The enterprise fund also reported net position—unrestricted of $1,200,000 at June 30, 20X5, on its statement of net position. On the

reconciliation of the balance sheet of the governmental funds to the statement of net position as of June 30, 20X5, what amount should be added?

a. $4,200,000

b. $5,700,000

c. $4,800,000

d. $0

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

Question Posted: