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The following information is available for tge preparation of the goverment wide fincial statements for the City of Southern Springs as of April 30,2020 CITY
The following information is available for tge preparation of the goverment wide fincial statements for the City of Southern Springs as of April 30,2020
CITY OF SOUTHERN SPRINGS Staternent of Net Postion As of April 30,2020 Govemmental Busines:-Type Total Assets: Activities Total Assets: Total Assels: 0 Liabilities: ( Total Liabilities Net Position: 0 5 3 \begin{tabular}{|l|} \hline 0 \\ 0 \\ 0 \\ \hline 0 \\ \hline 0 \\ \hline \end{tabular} The following information is avallable for the preparation of the government-wide financial statements for the City of Southern Springs 35 of Aprit 30,2020 From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of. Aprit 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $761,000 for governmental activities and $285,000 for business type activites. (Negative amounts should be indicoted by a minus sign) Step by Step Solution
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