Question: For the year ended June 3 0 , 2 0 X 5 , Stanton Township s enterprise funds reported an increase in net position of

For the year ended June 30,20X5, Stanton Townships 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 positionunrestricted 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?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!