Reference no: EM132968831
Question - The following information is available concerning the financial activities of Livingston County, CA for 2018:
Change in total fund balances-governmental funds $360,000
Loss on sale of internal service capital assets 25,000
Depreciation expense on general capital assets 65,000
Capital outlays-governmental funds 200,000
Capital outlays-internal service funds 30,000
Change in net position-fiduciary funds 25,000
Change in net position-internal service funds 1,000
Gain on sale of enterprise fund capital assets 3,000
Loss on sale of general capital assets 500
Repayments of principal on general long-term debt 45,000
Proceeds from issuance of general long-term debt 338,000
Proceeds from sale of general capital assets 22,000
Expenses of governmental funds, other than depreciation, not requiring current financial resources 12,000
Expenses of internal service funds, other than depreciation, not requiring current financial resources 2,000
Required - What the change in net position of governmental activities?
a. $168,500
b. $844,500
c. $123,500
d. $170,500
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