Question
The financial statements of Tarbet Township contain the following data regarding financial position : Governmental fund balances $ 5,000,000 Capital assets used in governmental activities
The financial statements of Tarbet Township contain the following data regarding financial position : Governmental fund balances $ 5,000,000 Capital assets used in governmental activities 2,375,000 Accumulated depreciation on capital assets used in governmental activities 425,000 Long term debt obligations issued to finance governmental projects 3,700,000 Internal service fund net assets 375,000 Proprietary fund net assets 8,675,000 Fiduciary fund net assets 1,750,000 Instruction Determine the amount in which each line item would be handled in reconciling fund financial statements to government-wide financial statements. Enter decrease as negative numbers. A B 1. Fund Balance 2. Capital assets used in governmental activities 3. Accumulated depreciation on capital assets used in governmental activities 4. Long term debt obligation issued to finance governmental projects 5. Internal service fund net position 6. Proprietary fund net position 7. Fiduciary fund net position 8. Net position, governmental activitie
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