KBack SJC_2016_CAFR.pdf Q ST. JOHNS COUNTY, FLORIDA BALANCE SHEET-GOVERNMENTAL FUNDS September 30, 2016 St. Johns County Total General ASSETS Trust DistrictAgency Equity in pooled cash and cash equivalents Investments Accounts and notes receivable (net of allowance for uncollectibles) Notes receivable Interest receivable Advances to other funds Due from other funds Due from other governments S 13,036,556 0,809,350 3.411,334539,846S 5,769 40,700,334 57,703,839 19,121,741 32,718,926 794,616 84,565 10,902,443 56,248 28,178 4,691,022 1,089,971 450,259 105,475 2,207,694 870,263 1,959,316 2,717,555 753,907 303,554 2,250,375 916,394 4,133,771 325,248 293,837 776,720 303,648 85,336 42,681 ,443,616 168,678 279,638 241,426 27.630 14,284 TOTAL ASSETS LIABILITIES AND FUND BALANCES Accounts payable and accrued liabilities S 5,475,0265,296,929 S 830,000 $ 6,188 2,519,59014,127,733 684,826 2,250,375 1,157,792 3,476,595 2,132,311 23,829,632 676,991 Advances from other funds Due to other funds Due to other governments 177,941 3,147,834 181.244 9,659,036 2,250,375 878,835 50,866 548 951,067 7,935,860 TOTAL LIABILITIES FUND BALANCES 349,258 63,068,543 281,671 7245,975 3,286,849 70,266,184 281,671 44,395,090 (1,702,192)46,460,795 2,657,953 279,638 6,903,229 3,205,232 3,938,380 5,503 48,162,987 TOTAL FUND BALANCES 33,484,870 0,841,609 69.243.255 64,690,589 TOTAL LIABILITIES AND FUND BALANCES S 60,770,310 S38,832,004 11,723,023 S 5,769 77,179,115 S188,520,221 The accompanying notes are an integral part of the financial statements Dashboard Calendar Notifications Inbox

Bank channels funds from individuals with surplus to those desiring funds. Select one:TrueFalse

In an economy, it has the following monetary asset information as of December 2019. Cash in the hands of the public = P300BDemand deposits = P400BOther Checkable Deposits = P150BTraveler’s checks = P50BSavings Type accounts = P2000BMoney Market Mutual Funds = P1000BSmall-Time Deposits = P500BLarge Time Deposits = P450B Determine the value of M1 and M2.

UTV Corp. have the following account balances for the year ended December 31, 2020:DEBIT BALANCESAmountCash and cash equivalents400,000Accounts receivable900,000Raw materials560,000Goods in process600,000Finished goods1,400,000Financial assets at FVOCI2,500,000Sinking fund200,000Land1,000,000Building6,000,000Plant and equipment2,400,000Patent800,000Goodwill1,400,000Unrealized loss – FVOCI100,000Prepaid benefit cost20,000Treasury shares at cost250,000TOTAL18,530,000 CREDIT BALANCESAmountBank overdraft100,000Due from an officer50,000Allowance for bad debts40,000Accumulated depreciation – building1,600,000Accumulated depreciation – plant and equipment400,000Notes payable, due June 30, 20211,300,000Notes payable, due June 30, 20222,100,000Accounts payable1,000,000Provision180,000Warranty liabilities80,000Income tax payable120,000Finance lease liability180,000Deferred tax liability280,000Actuarial gain300,000Revaluation surplus360,000Share capital6,000,000Share premium2,000,000Retained…

Cash of $60,000 is transferred from the general fund to the debt service fund. What is reported on the government-wide financial statements? Choose the correct.a. No reporting is made.b. Other Financing Sources increase by $60,000; Other Financing Uses increase by $60,000.c. Revenues increase by $60,000; Expenditures increase by $60,000.d. Revenues increase by $60,000; Expenses increase by $60,000.

Cash flows of a government must be presented in four categories, rather than the three used by businesses.  The following list of cash flows was taken from the statement of cash flows of Grand Junction’s internal service fund (with all amounts expressed in thousands):  Cash on hand at beginning of year                                                                                                                $122  Interest from investments                                                                                                                              45  Wages and salaries paid                                                                                                                                  (3,470)  Purchases of supplies                                                                                                                                      (1,650)  Collections (for services) from other funds…

Does a credit balance in the fund balance account(s) at the end of the year necessarily mean the fund has sufficient cash to pay its liabilities in a timely manner? Explain.

Interperiod equity measurement for governmental funds determines whether a. there is a positive cash flow. b. there is a profit. c. current-year revenues are sufficient to pay for current-year services. d. actual amounts exceed budgeted amounts.

Matilda Company financial statement information has given in the following table.ItemBeginningEndingInventory17831965Accounts Payable25602820Accounts Receivables49204200Revenue12500Cost of sales9500Required:Based on the financial statement information above, calculate the operating and cash cycle.

The following transactions were among those reported by Corfe City's electric utility enterprise fund for Year 1: Cash paid to supplier $ 900,000 Cash received from customer households 2,700,000 Proceeds from the sale of revenue bonds 4,500,000   In the electric utility enterprise fund's statement of cash flows for the year ended December 31, Year 1, what amount should be reported as cash flows from capital and related financing activities? A.) $4,500,000 B.) $5,400,000 C.) $7,200,000 D.) $8,100,000