For the year ended June 30, 20X5, Stanton Townships internal service funds reported an increase in net

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For the year ended June 30, 20X5, Stanton Township’s internal service funds reported an increase in net position of $300,000 and ending net position of

$4,500,000 at June 30, 20X5. On the reconciliation of the balance sheet of the governmental funds to the statement of net position, what amount should be

added as of June 30, 20X5?

a. $300,000

b. $4,200,000

c. $4,500,000

d. $4,800,000

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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