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information is from the county's financial statements for the fiscal year ending December 31, 2017, for the primary government (in thousands of dollars): Total assets

information is from the county's financial statements for the fiscal year ending December 31, 2017, for the primary government (in thousands of dollars):

Total assets

$5,519,445

Capital assets, net

3,579,073

Total deferred outflows

9,622

Total liabilities

2,078,490

Long-term liabilities

1,536,126

Outstanding bonds and notes

1,256,754

Total deferred inflows of resources

17,334

Net position:

Net investment in capital assets

2,671,433

Restricted

541,865

Unrestricted

219,945

Total net position

3,433,243

Total expenses

3,516,728

Interest expenses leases

38,574

Total revenues

3,598,824

Lease expenditures

115,892

Other relevant information includes (in thousands of dollars):

Present value of all future lease payments in effect as of 12-31-17

$317,645

Taxable assessed value of property

44,514,992

State law limits the amount of outstanding debt (including capital leases) that a county may have to 5% of taxable assessed value of property.

Determine what amounts in the countys financial statements would change if the proposed standards had been in effect as of 12-31-17, and what the new amounts would be. Be sure to show your relevant work.

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