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Following is the information concerning operating activity for Annette County. For the year ended June 30,...
Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(290 200), and the change in net position of governmental activities was $(393,600). During the year, Annette issued $2,100,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,850,000 in capital assets and sold capital assets with a book value of $568,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,800), and the change in net position of governmental activities was S(403,800). During the year, Annette issued $2,160,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,910,000 in capital assets and sold capital assets with a book value of $571,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(289,300), and the change in net position of governmental activities was $(398,400). During the year, Annette issued $2,010,000 in general obligation bonds at a premium of 102. The bonds are to be used for a construction project. The county acquired $2,760,000 in capital assets and sold capital assets with a book value of $563,500 for...
The following is information for a county (in millions): Total governmental fund balances $ 138 Bonds payable-governmental funds 690 Accrued pension liabilities-governmental funds 130 Capital assets-governmental funds 790 Accrued other liabilities-governmental funds 128 Other long-term assets-governmental funds 48 The net position of governmental activities is (in millions)
The following is information for a county (in millions): Total governmental fund balances $ 138 Bonds payable-governmental funds 690 Accrued pension liabilities-governmental funds 130 Capital assets-governmental funds 790 Accrued other liabilities-governmental funds 128 Other long-term assets-governmental funds 48 The net position of governmental activities is (in millions) $ 28 $ 248 $1,568 $ 172
Reporting reconciliation between fund and government-wide financial statements Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the governmental activities column of its government-wide statement of net position for the year ended December 31, 2019. During 2020, Sai-Tu Village sold $500,000 of new general obligation bonds and repaid $300,000 of bonds outstanding at the beginning of the year. Based on this information, determine the reconciliation amounts reported in the two funds’ financial statements to the two government-wide financial statements....
8. The City of Madison, a general purpose government, reported fund balances in the amount of $19,700,000 in the governmental funds balance sheet dated December 31, 2017. In addition, the following information is relevant: A. General government capital assets amounted to $28,000,000. Accumulated depreciation of those capital assets amounted to $13,000,000. Enterprise fund capital assets amounted to $ 17,000,000 with accumulated depreciation of $ 8,400,000. B. Internal service fund's net assets amounted to $2,500,000. These were reported in the proprietary...
maning Marked out of 7.00 Major Funds Lenox County provides the following information on its governmental and enterprise funds: Expenditures Expenses Fund Assets Liabilities Revenues General fund 1680.000 s80.000 $72.000 $783000 Grants special revenue fund 55.000 43500 200,000 97,000 Parks and recreation spedal revenue fund 2.000 1,300 40,000 42,000 Licensed gaming special revenue fund 65,000 62,000 8,000 7,000 Roads capital projects fund 200,000 203.000 14.000- 12,000 120.000 Bridges capital projects fund 30.000 115,000 35.000 Buildings capital projects fund 40,000 30,000...
The Following is the June 30, 2019, statement of net position for the City of Bay Lake Water Utility Fund. CITY OF BAY LAKE Water Utility Fund Statement of Fund Net Position June 30, 2019 Assets Current assets: Cash and investments $ 1,774,824 Accounts receivable (net of $13,365 provision for uncollectible accounts) 306,824 Accrued utility revenue 499,600 Due from General Fund 29,288 Interest receivable 81,936 Total current assets 2,692,472 Restricted assets: Cash 9,192 Capital assets: Land $ 1,780,753 Buildings (net...
9. The City of Henderson reported a change in fund balances of $2,20 governmental funds Statement of Revenues, Expenditures ted a change in fund balances of $2,267,000 in its Balances for the year ended December 31, 2017. In a of Revenues, Expenditures, and Changes in Fund information is relevant: the year ended December 31, 2017. In addition, the following A. Capital outlay expenditures amounted to $8,755,000 statement. General government capital assets amoun enditures amounted to $8,755,000 in the modified accrual...