The financial statements of Tarbet Township 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

Instruction

Determine the amount in which each line item would be handled in reconciling fund financial statements to government-wide financial statements. Enter decrease as negative numbers.

1. Fund Balance

2. Capital assets used in governmental activities

3. Accumulated depreciation on capital assets used in governmental activities

4. Long term debt obligation issued to finance governmental projects

5. Internal service fund net position

6. Proprietary fund net position

7. Fiduciary fund net position

8. Net position, governmental activities

Answer rating: 100% (QA)

Answer 1 Fund Balance 5000000 2 Capital assets used in governmental activities 2375... View the full answer