A county government's total fund balances, governmental funds, is $23,000,000. Other information is as follows: Internal...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A county government's total fund balances, governmental funds, is $23,000,000. Other information is as follows: Internal service fund net position General obligation long-term debt Accrued pension and OPEB liabilities of proprietary funds Accrued pension and OPEB liabilities of governmental funds Capital assets used in governmental activities, net. Select one: $1,500,000 a. $29,300,000 b. $ 15,300,000 $ 11,300,000 d. $9,800,000 25,000,000 3,000,000 4,200,000 16,000,000 Proprietary funds, capital assets, net. The government-wide balance sheet reports net position of governmental activities of: 7,000,000 A county government's total fund balances, governmental funds, is $23,000,000. Other information is as follows: Internal service fund net position General obligation long-term debt Accrued pension and OPEB liabilities of proprietary funds Accrued pension and OPEB liabilities of governmental funds Capital assets used in governmental activities, net. Select one: $1,500,000 a. $29,300,000 b. $ 15,300,000 $ 11,300,000 d. $9,800,000 25,000,000 3,000,000 4,200,000 16,000,000 Proprietary funds, capital assets, net. The government-wide balance sheet reports net position of governmental activities of: 7,000,000
Expert Answer:
Answer rating: 100% (QA)
Step 1 According to the question the whole fund balances of a county government square measu... View the full answer
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
Posted Date:
Students also viewed these accounting questions
-
Internal Service Fund net position is sometimes increased over time as a result of charges for services being established at a level that exceeds the costs of providing the services. Why does this...
-
The schedule that follows pertaining to governmental capital assets was excerpted from the annual report of Urbana, Illinois (with changed dates): A related schedule indicates the following: Capital...
-
The schedule that follows pertaining to governmental capital assets was excerpted from the annual report of Urbana, Illinois (with changed dates): A related schedule indicates the following: Capital...
-
Assume that you are looking at three perpetuities. Perpetuity 1 (P) has annual cash flows of $850 in Years 1 through infinity (1 - oo) and a present value at Year 0 of $10,119.047619. Perpetuity 2...
-
Hispanic Business magazine publishes a list of the top 50 advertisers in the Hispanic market. The advertising spending for each of these 50 advertisers (in $ millions) was entered into a Minitab...
-
Maximize f = 4x + 6y subject to 2x + 5y 37 5x - y 34 - x + 2y 4 Involve mixed constraints. Solve each with the simplex method. Assume all variables are nonnegative.
-
Where to obtain the necessary facts to prove your clients position?
-
The management of Rousseau Corp. is considering the effects of various inventory-costing methods on its financial statements and its income tax expense. Assuming that the price the company pays for...
-
Q. 1 The Aylett Company Ltd has offered a contract that, if accepted, would significantly increase next year's activity levels. The contract requires the production of 20,000 kg of product Sigma and...
-
Use a tax research database and answer the following questions. Then repeat answering the problem using either a different tax research database or an Internet search, and compare their ease of use...
-
Silver Cup Berhad's current credit term to its suppliers is 2/15 net 60. If the company wishes to take the cash discount, the company would need to borrow RM500,000 to support its extended operating...
-
MIS differs from IT because a. MIS focuses on applying IT to solve business problems. b. MIS is the branch of IT focused on Internet usage. c. IT focuses on hardware, and MIS focuses on software. d....
-
A database management system (DBMS) a. is another term for Big Data. b. is a set of tables of data. c. assesses the performance of employees for management. d. is the result of electronic monitoring...
-
An inefficient hiring process can cripple a company because the costs of turnover and retraining employees are so high. Does electronically collecting and evaluating rsums help companies? Job seekers?
-
Contextual advertising means that the advertisement is related to the search just made. True or False
-
Describe the perfect benefits package. How would your salary and pay level affect your decision? Would you accept a lower pay level for better benefits?
-
Assume you purchase raw materials worth 5 million GHS from a company in Ghana. You have negotiated credit terms that allow you to make payment in 180 days. The spot exchange rate is 1 USD = 5 GHS....
-
A liquid flows upward through a valve situated in a vertical pipe. Calculate the differential pressure (kPa) between points A and B. The mean velocity of the flow is 4.1 m/s. The specific gravity of...
-
The new administrator for the art museum was concerned that the museums collection of rare 17th-century American porcelain was not recognized on the financial statements. Explain to the administrator...
-
In 2013, the Tampa Bay Times published a series of four articles uncovering some of the worst charities in America. Read the articles (www.tampabay.com/topics/ specials/worst-charities.page) and...
-
The Town of Willingdon adopted the following General Fund budget for the fiscal year beginning July 1: Estimated revenues: Taxes...
-
This is a simple exercise to familiarize you with the kind of information that is presented in the financial statements. Examine the three primary statements presented above to discover the following...
-
Outline the content and purpose of the statement of financial position.
-
The IASB acknowledges within the Conceptual Framework that general-purpose financial reports cannot provide all the information that users may need to make economic decisions. They suggest that users...
Study smarter with the SolutionInn App