Business, 06.05.2021 18:50 sierram298

For Year 1, Crescent City displayed an increase in proprietary fund net position of $380,000 and excess of revenues and other financing sources over expenditures and other financing uses for all governmental funds of $450,000. The government also maintained an internal service fund whose purpose was to provide maintenance services to general government buildings. The internal service fund had an increase in net position of $15,000. During the year, the governmental funds had the following: Capital outlays$500,000
Proceeds from long-term debt (LTD) issue350,000
Principal payments on LTD45,000
Interest expenditures on LTD14,000
Depreciation expense on governmental assets75,000
Proceeds from the sale of land (net book value $150,000)190,000

Required:
Calculate the increase (decrease) in net position displayed in the government-wide statement of activities for governmental activities.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 04:00

The simple interest in a loan of $200 at 10 percent interest per year is

Answers: 2

Answer

Business, 22.06.2019 19:30

When it is 4: 00 a.m. in halifax, it is 1: 00 p.m. in karachi, and when it is 9: 00 a.m. in karachi, it is 5: 00 a.m. in warsaw. mary left halifax to fly to karachi, but she accidentally left her watch on warsaw time. according to mary’s watch, she left halifax at 9: 40 p.m. on monday. the local time when she arrived at karachi was 3: 00 p.m. tuesday. how long was mary’s flight? a. 9 hours, 20 minutes b. 13 hours, 20 minutes c. 14 hours, 20 minutes d. 17 hours, 20 minutes

Answers: 1

Answer

Business, 22.06.2019 19:30

Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center

Answers: 2

Answer

Business, 22.06.2019 22:40

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

Answers: 3

Answer

You know the right answer?

For Year 1, Crescent City displayed an increase in proprietary fund net position of $380,000 and exc...

Questions