The following information is available for the preparation of the governmentwide financial statements for the city of
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The following information is available for the preparation of the governmentwide financial statements for the city of Southern Springs as of April 30, 2020:
From the preceding information, prepare, in good form, a Statement of Net Position for the city of Southern Springs as of April 30, 2020. Calculate and include the unrestricted net position. Include a total column.
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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 activities Accounts payable, governmental activities Accounts payable, business-type activities $ 4,050,000 880,000 650,000 1,130.000 520.000 10,600.000 11,350,000 550,000 659,000
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
ISBN: 9781260570175
14th Edition
Authors: Paul Copley
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