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Here is information on a town government's governmental funds at the end of the current year: Fund balances, governmental funds $ 14,000,000 Capital assets, accumulated
Here is information on a town government's governmental funds at the end of the current year:
Fund balances, governmental funds | $ 14,000,000 |
Capital assets, accumulated depreciation | 12,000,000 |
Principal of long-term debt | 25,000,000 |
Noncurrent accrued compensated absences | 2,000,000 |
Capital assets, at cost | 54,000,000 |
Net pension and OPEB obligation | 30,000,000 |
The net position of governmental activities at the end of the current year is:
A. | $(1,000,000) | |
B. | $29,000,000 | |
C. | $23,000,000 | |
D. | $11,000,000 |
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