The following information is available for the preparation of the governmentwide financial statements for the city of
Question:
The following information is available for the preparation of the governmentwide financial statements for the city of Northern Pines for the year ended June 30, 2020:
From the previous information, prepare, in good form, a Statement of Activities for the city of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units.
Transcribed Image Text:
Expenses: General government Public safety Public works $ 10,000,000 23,000,000 11,890,000 Health and sanitation 6,210,000 Culture and recreation 4,198,000 Interest on long-term debt, governmental type Water and sewer system 1,021,000 11,550,000 Parking system Revenues: 419,000 Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes 1,110,000 1,410,000 698,000 2,355,000 1,210,000 2,198,000 12,678,000 298,000 27,112,000 20,698,000 Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from governmental activities to business-type activities Net position, July 1, 2019, governmental activitles Net position, July 1, 2019, business-type activities 319,000 1,250,000 888,000 12,222,000 22,333,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
ANSWER STATEMENT OF ACTIVITIES For the Year Ended June 30 2020 Governmental Activities Revenues Prop...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Essentials Of Accounting For Governmental And Not-for-Profit Organizations
ISBN: 9781260570175
14th Edition
Authors: Paul Copley
Question Posted:
Students also viewed these Business questions
-
A test cross of a female mouse that was heterozygous at the three loci A B C to a male that was homozygous recessive at all three loci resulted in the offspring listed below. + + + 105 + +c 6 +b+ 319...
-
The following information is available for the preparation of the government wide financial statements for the city of Southern Springs as of April 30, 2017: Cash and cash equivalents, governmental...
-
The following information is available for the Bott Company: Additional information for the year: (a) (b) Last year depreciation expense was inadvertently understated in the amount of $1,800. The...
-
Digital Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Instructions What amount should be reported on Digital Camera...
-
What is the primary objective of a monetize strategic market plan?
-
Listed below are a few transactions and events of Piper Company. 1. Piper Company records a year-end entry for $10,000 of previously unrecorded cash sales (costing $5.000) and its sales taxes at a...
-
Explain why people procrastinate, and identify techniques for reducing procrastination. LO.1
-
DriveUp Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 150,000 miles. Taxi 10 cost $27,500 and is expected to have a...
-
For each item below, indicate in which category on the Statement of Cash Flows each activity should be classified: operating activities, investing activities, or financing activities. You must...
-
The received signal in a digital base band system is either +A or -A, equally likely, for T-second contiguous intervals. However, the timing is off at the receiver so that the integration starts...
-
The following General Fund information is available for the preparation of the financial statements for the city of Eastern Shores for the year ended September 30, 2020: From the information given...
-
The City of Sweetwater maintains an Employees Retirement Fund, a singleemployer defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined...
-
VERTICAL ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8A. REQUIRED Prepare a vertical analysis of the income statement and balance sheet. Show each...
-
4. Thinking Ahead (2 points): Project 1 involves the analysis of a bicycle pedal. Consider the bicycle shown below. If a rider places their full weight on the pedal when it is in the horizontal...
-
On January 1, 2023, Martineau Corp. issued a 5-year, 5% installment note payable for $118,000 to finance upgrading its current equipment. The company's year end is December 31. The repayment of...
-
Multiply. 2 x-x-2 3x-3 2 x+2x-3 x+1 Simplify your answer as much as possible.
-
Explain the processes of querying a relational database and define Big Data and explain its basic characteristics. Compare and contrast the major types of networks. - Identify the fundamentals of...
-
42. Explain why the inequality x - x + 1 < 0 has the empty set as the solution set.
-
What is the form of the standard Taylor rule?
-
Determine whether the lines are parallel, perpendicular, or neither. 2x + 3y = -12, 2y - 3x = 8
-
Explore the issues around Internet privacy and discuss the way that regulation is likely to develop.
-
Distinguish between marketing PR and corporate PR. Explain, using examples, why the techniques used at both levels might be similar if not the same.
-
Explain how PR tools can be used on the Internet. Illustrate your answer with actual instances you are aware of, including those involving social media.
-
Cost of debt with fees . Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.9% with semiannual payments, and will use an investment...
-
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....
-
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
Study smarter with the SolutionInn App