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please show how to calculate net investment in capital assets from the statement of net position. please show the work needed to acquire 8,938,775,944 as the net investment in capital assets

please show how to calculate net investment in capital assets from the statement of net position. please show the work needed to acquire 8,938,775,944 as the net investment in capital assets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please show how to calculate net investment in capital assets from the statement of net position. please show the work needed to acquire 8,938,775,944 as the net investment in capital assets 

LIABILITIES Current Liabilities Accounts payable and accruals Due to external parties Interest payable Unearned revenue Current portion of long-term obligations Refunds payable Other Total Current Liabilities Noncurrent Liabilities Net pension liability OPEB liability Revenue bonds payable, net Installment obligations, net Other Total Noncurrent Liabilities Deferred Inflows of Resources Total Liabilities and Deferred Inflows of Resources NET POSITION Net investment in capital assets Restricted for: Capital projects Physical and mental health Educational, cultural, and intellectual development Community development and environmental management Economic planning, development, and security Transportation programs Employee benefits Debt service Property tax relief Unemployment Prize awards and Pension Fund contributions Other purposes Unrestricted STATE OF NEW JERSEY STATEMENT OF NET POSITION (Continued) JUNE 30, 2019 Total Net Position $ Governmental Activities 2,632,723,915 161,040,917 196,430,264 155,979,614 3,243,539,832 414,896,334 377,326,178 7,181,937,054 93,738,047,689 75,961,589,432 19,265,768,445 16,169,409,077 9,302,582,524 214,437,397,167 50,185,147,181 271,804,481,402 8,938,775,944 4,580,137 676,407,793 3,098,377,890 485,800,240 878,939,431 712,252,470 29,460,278 Primary Government Business-type Activities (216,888,819,746) (202,064,225,563) $ 179,195,641 131,000,000 21,882,704 103,990,795 1,194,691 437,263,831 213,728,589 213,728,589 650,992,420 3,391,320,889 835,319 3,392,156,208 $ Total 2,811,919,556 292,040,917 196,430,264 155,979,614 3,265,422,536 518,887,129 378,520,869 7,619,200,885 93,738,047,689 75,961,589,432 19,265,768,445 16,169,409,077 9,516,311,113 214,651,125,756 50,185,147,181 272,455,473,822 8,938,775,944 4,580,137 676,407,793 3,098,377,890 485,800,240 878,939,431 712,252,470 29,460,278 3,391,320,889 835,319 (216,888,819,746) (198,672,069,355) $ Component Units 1,247,418,047 305,583,285 370,705,093 241,848,227 1,076,644,706 619,313,474 3,861,512,832 5,081,124,952 3,241,798,061 12,499,319,154 3,560,427,729 7,384,388,080 31,767,057,976 1,710,136,172 37,338,706,980 11,463,085,358 268,152,042 1,190,550,116 8,512,896,312 (4,649,947,724) 16,784,736,104
Transcribed Image Text:LIABILITIES Current Liabilities Accounts payable and accruals Due to external parties Interest payable Unearned revenue Current portion of long-term obligations Refunds payable Other Total Current Liabilities Noncurrent Liabilities Net pension liability OPEB liability Revenue bonds payable, net Installment obligations, net Other Total Noncurrent Liabilities Deferred Inflows of Resources Total Liabilities and Deferred Inflows of Resources NET POSITION Net investment in capital assets Restricted for: Capital projects Physical and mental health Educational, cultural, and intellectual development Community development and environmental management Economic planning, development, and security Transportation programs Employee benefits Debt service Property tax relief Unemployment Prize awards and Pension Fund contributions Other purposes Unrestricted STATE OF NEW JERSEY STATEMENT OF NET POSITION (Continued) JUNE 30, 2019 Total Net Position $ Governmental Activities 2,632,723,915 161,040,917 196,430,264 155,979,614 3,243,539,832 414,896,334 377,326,178 7,181,937,054 93,738,047,689 75,961,589,432 19,265,768,445 16,169,409,077 9,302,582,524 214,437,397,167 50,185,147,181 271,804,481,402 8,938,775,944 4,580,137 676,407,793 3,098,377,890 485,800,240 878,939,431 712,252,470 29,460,278 Primary Government Business-type Activities (216,888,819,746) (202,064,225,563) $ 179,195,641 131,000,000 21,882,704 103,990,795 1,194,691 437,263,831 213,728,589 213,728,589 650,992,420 3,391,320,889 835,319 3,392,156,208 $ Total 2,811,919,556 292,040,917 196,430,264 155,979,614 3,265,422,536 518,887,129 378,520,869 7,619,200,885 93,738,047,689 75,961,589,432 19,265,768,445 16,169,409,077 9,516,311,113 214,651,125,756 50,185,147,181 272,455,473,822 8,938,775,944 4,580,137 676,407,793 3,098,377,890 485,800,240 878,939,431 712,252,470 29,460,278 3,391,320,889 835,319 (216,888,819,746) (198,672,069,355) $ Component Units 1,247,418,047 305,583,285 370,705,093 241,848,227 1,076,644,706 619,313,474 3,861,512,832 5,081,124,952 3,241,798,061 12,499,319,154 3,560,427,729 7,384,388,080 31,767,057,976 1,710,136,172 37,338,706,980 11,463,085,358 268,152,042 1,190,550,116 8,512,896,312 (4,649,947,724) 16,784,736,104
ASSETS Current Assets Cash and cash equivalents Investments Receivables, net of allowances for uncollectibles Federal government Departmental accounts Loans Mortgages Other Internal balances Due from external parties Inventories Deferred charges Other Total Current Assets Noncurrent Assets Investments Receivables, net of allowances for uncollectibles Loans Mortgages Other Capital assets - nondepreciated Capital assets - depreciated, net Other Total Noncurrent Assets Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources $ STATE OF NEW JERSEY STATEMENT OF NET POSITION JUNE 30, 2019 Governmental Activities 583,888,992 $ 8,547,385,881 1,161,763,497 4,522,638,052 1,700,502,398 489,245,541 7,823,208 28,981,952 4,191,830 17,046,421,351 8,410,521,612 20,546,469,053 274,370,071 29,231,360,736 23,462,473,752 Primary Government Business-type Activities 69,740,255,839 The accompanying notes are an integral part of the financial statements. 352,485 $ 263,685,808 2,783,390,206 664,521,949 124,510,071 (7,823,208) 1,325,054 3,829,962,365 213,186,263 213,186,263 4,043,148,628 Total 584,241,477 8,811,071,689 3,945,153,703 5,187,160,001 1,700,502,398 613,755,612 28,981,952 1,325,054 4,191,830 20,876,383,716 213,186,263 8,410,521,612 20,546,469,053 274,370,071 29,444,546,999 23,462,473,752 73,783,404,467 Component Units $ 3,381,642,364 8,797,945,940 326,455,991 292,781,894 148,466,000 946,914,191 97,943,019 182,277,456 240,716,550 14,415,143,405 3,782,565,808 2,275,806,182 1,765,247,843 89,017,307 4,846,052,467 24,620,293,697 417,612,662 37,796,595,966 1,911,703,713 54,123,443,084
Transcribed Image Text:ASSETS Current Assets Cash and cash equivalents Investments Receivables, net of allowances for uncollectibles Federal government Departmental accounts Loans Mortgages Other Internal balances Due from external parties Inventories Deferred charges Other Total Current Assets Noncurrent Assets Investments Receivables, net of allowances for uncollectibles Loans Mortgages Other Capital assets - nondepreciated Capital assets - depreciated, net Other Total Noncurrent Assets Deferred Outflows of Resources Total Assets and Deferred Outflows of Resources $ STATE OF NEW JERSEY STATEMENT OF NET POSITION JUNE 30, 2019 Governmental Activities 583,888,992 $ 8,547,385,881 1,161,763,497 4,522,638,052 1,700,502,398 489,245,541 7,823,208 28,981,952 4,191,830 17,046,421,351 8,410,521,612 20,546,469,053 274,370,071 29,231,360,736 23,462,473,752 Primary Government Business-type Activities 69,740,255,839 The accompanying notes are an integral part of the financial statements. 352,485 $ 263,685,808 2,783,390,206 664,521,949 124,510,071 (7,823,208) 1,325,054 3,829,962,365 213,186,263 213,186,263 4,043,148,628 Total 584,241,477 8,811,071,689 3,945,153,703 5,187,160,001 1,700,502,398 613,755,612 28,981,952 1,325,054 4,191,830 20,876,383,716 213,186,263 8,410,521,612 20,546,469,053 274,370,071 29,444,546,999 23,462,473,752 73,783,404,467 Component Units $ 3,381,642,364 8,797,945,940 326,455,991 292,781,894 148,466,000 946,914,191 97,943,019 182,277,456 240,716,550 14,415,143,405 3,782,565,808 2,275,806,182 1,765,247,843 89,017,307 4,846,052,467 24,620,293,697 417,612,662 37,796,595,966 1,911,703,713 54,123,443,084
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