Here Is Information on the Results of Operations of a County
Question 26
Question 26
Multiple Choice
Here is information on the results of operations of a county government for the current year: Change in fund balances, governmental funds Accrued pension expenses of governmental funds Payments of principal on general long-term debt Proceeds from issuing general long-term debt Outlays for general capital assets Depreciation expense on general capital assets Net loss on disposal of general capital assets Proceeds from the sale of general capital assets $2,000,000100,0001,500,0006,000,0004,000,000500,00060,000200,000 The change in net position of governmental activities, reported on the government-wide statement of activities, is:
A) $1,640,000 B) $1,140,000 C) $ 640,000 D) $1,040,000
Correct Answer:
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