Here is information on a town government's governmental funds at the end of the current year: Fund balances, governmental funds Accumulated depreciation, capital assets Principal of long-term debt Noncurrent accrued compensated absences Capital assets, at cost Net pension and OPEB obligation $14,000,000 22,000,000 Select one: O a. $(20,000,000) O b. $(16,000,000) O c. $32,000,000 O d. $2,000,000 45,000,000 2,000,000 65,000,000 30,000,000 The net position of governmental activities at the end of the current year is:
Here is information on a town government's governmental funds at the end of the current year: Fund balances, governmental funds Accumulated depreciation, capital assets Principal of long-term debt Noncurrent accrued compensated absences Capital assets, at cost Net pension and OPEB obligation $14,000,000 22,000,000 Select one: O a. $(20,000,000) O b. $(16,000,000) O c. $32,000,000 O d. $2,000,000 45,000,000 2,000,000 65,000,000 30,000,000 The net position of governmental activities at the end of the current year is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Here is information on a town government's governmental funds at the end of the current year:
Fund balances, governmental funds
Accumulated depreciation, capital assets
Principal of long-term debt
Noncurrent accrued compensated absences
Capital assets, at cost
Net pension and OPEB obligation
The net position of governmental activities at the end of the current year is:
Select one:
O a. $(20,000,000)
$14,000,000
22,000,000
45,000,000
2,000,000
65,000,000
30,000,000
Ob. $(16,000,000)
O c. $32,000,000
O d. $2,000,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F623cb5db-b735-4456-ad36-3c9e4b8be4a5%2F35700f16-783e-4880-a92a-3adb742fe4d7%2Fsx8f7ss_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Here is information on a town government's governmental funds at the end of the current year:
Fund balances, governmental funds
Accumulated depreciation, capital assets
Principal of long-term debt
Noncurrent accrued compensated absences
Capital assets, at cost
Net pension and OPEB obligation
The net position of governmental activities at the end of the current year is:
Select one:
O a. $(20,000,000)
$14,000,000
22,000,000
45,000,000
2,000,000
65,000,000
30,000,000
Ob. $(16,000,000)
O c. $32,000,000
O d. $2,000,000
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