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Information About the December 31, 20X7, Year-End Conversion of the Governmental

Question 20

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Information about the December 31, 20X7, year-end conversion of the Governmental Funds Change in Fund Balance to the Statement of Activities Change in Net Position for the City of Six Mile is presented below (all amounts are in thousands of dollars):

 Net increase in all governmental funds’ fund balances. $1,300 Increase in deferred revenues (all related to property taxes) 200 Increase in accrued interest on long-term liabilities 12 Expenditures - capital assets5,080 Expenditures - principal on capital-related debt 3,000 Depreciation expenses on capital assets 4,100 Proceeds from general long-term capital debt 3,500Proceeds from the sale of general capital assets (book value of $25) 40 Increase in long-term liability for compensated absences 30 Internal service net income 520\begin{array}{llr} \text { Net increase in all governmental funds' fund balances. } &\$1,300\\ \text { Increase in deferred revenues (all related to property taxes) } &200\\ \text { Increase in accrued interest on long-term liabilities } &12\\ \text { Expenditures - capital assets} &5,080\\ \text { Expenditures - principal on capital-related debt } &3,000\\ \text { Depreciation expenses on capital assets } &4,100\\ \text { Proceeds from general long-term capital debt } &3,500\\ \text {Proceeds from the sale of general capital assets (book value of \$25) } &40\\ \text { Increase in long-term liability for compensated absences } &30\\ \text { Internal service net income } &520\\\end{array}

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