How do you get the plug for unrestricted balance in a Statement of Net Position?
How do you get the plug for unrestricted balance in a
Statement of Net Position?
Homework Answers
ANSWER:
Unrestricted amount are a net position, also known as “plug” figure, calculated by:
Total net position - (Net investment in capital assets category + Restricted net position); where
Net investment in capital assets = Capital assets - (Accumulated depreciation + Outstanding debt related to financing of capital assets)
Restricted net position consists of resources restricted by (i) external parties, inclusive of contributors, creditors, grantors, or by laws or rules of other governments; or (ii) laws or provisions in constitution of the reporting government.
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How do you get the plug for unrestricted balance in a
Statement of Net Position?
How do you calculate unrestricted position? Exercise 2-7 (Algo) 00 The following information is available for...
How do you calculate unrestricted position?
Exercise 2-7 (Algo) 00 The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020: 4.18/4.54 points awarded Scored 3,610,000 812,000 603,000 1,224,000 485,000 9,783,000 10,468,000 604,000 613,000 5,086,000 3,036,000 4,797,000 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets, net, governmental activities Capital assets, net, business-type...
Can someone please explain to me what is unrestricted net position, restricted net position, and change...
Can someone please explain to me what is unrestricted net position, restricted net position, and change in net position? Also what would a student or parent care about when looking at the financial statements of a University?
Recast the balance sheets of the two funds into a single consolidated balance sheet (statement of...
Recast the balance sheets of the two funds into a single consolidated balance sheet (statement of net position). Show separately, however, the restricted and the unrestricted portions of the consolidated net position (not each individual asset and liability). Be sure to eliminate interfund payables and receivables. 2. Which presentation, the unconsolidated or the consolidated, provides more complete information? Explain. Which presentation might be seen as misleading? Why? What, if any, advantages do you see in this presentation even though it...
n its Statement of Net Position, a government reported: • Assets of $200 million, including $120...
n its Statement of Net Position, a government reported: • Assets of $200 million, including $120 million in capital assets (net), and • Liabilities of $80 million, including long-term debt of $50 million, all related to capital asset acquisition. The government also reported $10 million of net assets were restricted for payment of debt service. The government's Unrestricted Net Position would pe reported as:
prepare a statement of revenue, expenses, and change in net position. Problem 3 - Government Hospital...
prepare a statement of revenue, expenses, and change in net
position.
Problem 3 - Government Hospital Financial Reporting The following selected information is taken from the accounting records of the Jackson County Hospital for fiscal year 20X0. All accounts have a normal balance and are listed in alphabetical order. Also, all amounts are in thousands of dollars. Administrative expenses. Cafeteria sales. $440 440 Charity services (at gross amounts) Contractual adjustments. Depreciation-Building Depreciation-Other. Estimated uncollectible accounts. Federal grant restricted for heart...
Not-for-profit health care organizations include what categories in the equity section of the balance sheet (Statement...
Not-for-profit health care organizations include what categories in the equity section of the balance sheet (Statement of Financial Position). Paid in capital and retained earnings Unrestricted, temporarily restricted, and permanently restricted Net investment in capital assets, restricted, and unrestricted Operating, investing, financing
The Statement of Net Position of South State University, a governmentally owned university, as of the...
The Statement of Net Position of South State University, a
governmentally owned university, as of the end of its fiscal year
June 30, 2016, follows.
SOUTH STATE UNIVERSITY
Statement of Net Position
June 30, 2016
Assets
Cash
$
341,000
Accounts receivable (net of doubtful accounts of
$16,000)
395,000
Investments
267,000
Capital assets
$
1,869,000
Accumulated depreciation
294,000
1,575,000
Total assets
2,578,000
Liabilities
Accounts payable
111,000
Accrued liabilities
42,000
Unearned revenue
26,000
Bonds payable
624,000
Total liabilities
803,000
Net Position
Net...
How do you plug this motor into the board to power it?
how do you plug this motor into the board to power
it?
We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this image
Describe the net position classification appearing on the government wide statement of net position
Describe the net position classification appearing on the government wide statement of net position
how do i plug this in my 81 t4 calculator can you explain it to me...
how do i plug
this in my 81 t4 calculator can you explain it to me in simple ways
having trouble please . i have a test on these .
How do you calculate unrestricted position?
Exercise 2-7 (Algo) 00 The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020: 4.18/4.54 points awarded Scored 3,610,000 812,000 603,000 1,224,000 485,000 9,783,000 10,468,000 604,000 613,000 5,086,000 3,036,000 4,797,000 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets, net, governmental activities Capital assets, net, business-type...
n its Statement of Net Position, a government reported: • Assets of $200 million, including $120 million in capital assets (net), and • Liabilities of $80 million, including long-term debt of $50 million, all related to capital asset acquisition. The government also reported $10 million of net assets were restricted for payment of debt service. The government's Unrestricted Net Position would pe reported as:
prepare a statement of revenue, expenses, and change in net
position.
Problem 3 - Government Hospital Financial Reporting The following selected information is taken from the accounting records of the Jackson County Hospital for fiscal year 20X0. All accounts have a normal balance and are listed in alphabetical order. Also, all amounts are in thousands of dollars. Administrative expenses. Cafeteria sales. $440 440 Charity services (at gross amounts) Contractual adjustments. Depreciation-Building Depreciation-Other. Estimated uncollectible accounts. Federal grant restricted for heart...
Not-for-profit health care organizations include what categories in the equity section of the balance sheet (Statement of Financial Position). Paid in capital and retained earnings Unrestricted, temporarily restricted, and permanently restricted Net investment in capital assets, restricted, and unrestricted Operating, investing, financing
The Statement of Net Position of South State University, a
governmentally owned university, as of the end of its fiscal year
June 30, 2016, follows.
SOUTH STATE UNIVERSITY
Statement of Net Position
June 30, 2016
Assets
Cash
$
341,000
Accounts receivable (net of doubtful accounts of
$16,000)
395,000
Investments
267,000
Capital assets
$
1,869,000
Accumulated depreciation
294,000
1,575,000
Total assets
2,578,000
Liabilities
Accounts payable
111,000
Accrued liabilities
42,000
Unearned revenue
26,000
Bonds payable
624,000
Total liabilities
803,000
Net Position
Net...
how do you plug this motor into the board to power
it?
We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to transcribe this image
how do i plug
this in my 81 t4 calculator can you explain it to me in simple ways
having trouble please . i have a test on these .
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