How Do You Put the information in on the box? And what do i do? 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: Cash and cash equivalents, governmental activities$480,000 Cash and cash equivalents, business-type activities 1,010,000 Receivables, governmental activities 570,000 Receivables, business-type activities 1,683,000 Inventories, business-type activities 660,000 Capital assets, net, governmental activities 17,133,000 Capital assets, net, business-type activities 9,010,000 Accounts payable, governmental activities 823,000 Accounts payable, business-type activities 709,000 General obligation bonds, governmental activities 9,893,000 Revenue bonds, business-type activities 4,070,000 Long-term liability for compensated absences, governmental activities 456,000. From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $701,000 for governmental activities and $245,000 for business-type activities. (Negative amounts should be indicated by a minus sign) CITY OF SOUTHERN SPRINGS Statement of Net Position As of april 30th 2020 What Goes in The box Below? CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business-Type Activities Total Assets: Total Assets Liabilities: Total Liabilities Net Position: Total Net Position
How Do You Put the information in on the box? And what do i do?
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:
Cash and cash equivalents, governmental activities$480,000 Cash and cash equivalents, business-type activities 1,010,000 Receivables, governmental activities 570,000 Receivables, business-type activities 1,683,000 Inventories, business-type activities 660,000 Capital assets, net, governmental activities 17,133,000 Capital assets, net, business-type activities 9,010,000 Accounts payable, governmental activities 823,000 Accounts payable, business-type activities 709,000 General obligation bonds, governmental activities 9,893,000 Revenue bonds, business-type activities 4,070,000 Long-term liability for compensated absences, governmental activities 456,000.
From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $701,000 for governmental activities and $245,000 for business-type activities. (Negative amounts should be indicated by a minus sign)
CITY OF SOUTHERN SPRINGS
Statement of Net Position
As of april 30th 2020
What Goes in The box Below?
|
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
