Solution-Prepare the government-wide statement of activities

Prepare the government-wide statement of activities

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Reference no: EM131987188

Question - Consider the following information for Cowboys Town for the year ended December 31, 2015.

Expenses - parking garage (enterprise fund)	$1,200,000
Expenses - general government	52,000,000
Expenses - public safety	36,000,000
Expenses - health and sanitation	15,000,000
General property taxes	62,000,000
Unrestricted grants and contributions	6,000,000
Interest on general long-term debt	420,000
Charges for general government services	20,000,000
Charges for parking services	1,300,000
Charges for public safety services	2,500,000
Charges for health services	8,100,000
State grants for public safety	4,000,000
Gain on sale of general capital assets	200,000
Investment income - governmental activities	210,000
Net assets, 1/1/2015 - governmental activities	120,000,000
Net assets, 1/1/2015 - business-type activities	40,000,000

REQUIRED: Prepare, in appropriate format, the government-wide statement of activities for Cowboy Town for the year 2015.

Reference no: EM131987188

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Prepare the government-wide statement of activities

Reference no: EM131987188

Reference no: EM131987188

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