Reference no: EM132782593
Problem 1: The financial statements contain the following data regarding financial position. Determine the amount in which each line item would be handled in reconciling fund financial statements to government-wide financial statements. Enter decrease as negative numbers
Governmental fund balances $ 5,000,000
Capital assets used in governmental activities 2,375,000
Accumulated depreciation on capital assets 425,000
used in governmental activities
Long term debt obligations issued to finance 3,700,000
governmental projects
Internal service fund net assets 375,000
Proprietary fund net assets 8,675,000
Fiduciary fund net assets 1,750,000