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The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020: From
The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020: From the preceding information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $642,000 for governmental activities and $220,000 for business-type activities. (Negative amounts should be indicated by a minus sign)
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