For the year ended June 30, 20X5, Stanton Townships enterprise funds reported an increase in net position
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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
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Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
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