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Here Is Information on the Results of Operations of a County

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 $2,000,000 Accrued pension expenses of governmental funds 100,000 Payments of principal on general long-term debt 1,500,000 Proceeds from issuing general long-term debt 6,000,000 Outlays for general capital assets 4,000,000 Depreciation expense on general capital assets 500,000 Net loss on disposal of general capital assets 60,000 Proceeds from the sale of general capital assets 200,000\begin{array} { | l | r | } \hline \text { Change in fund balances, governmental funds } & \$ 2,000,000 \\\hline \text { Accrued pension expenses of governmental funds } & 100,000 \\\hline \text { Payments of principal on general long-term debt } & 1,500,000 \\\hline \text { Proceeds from issuing general long-term debt } & 6,000,000 \\\hline \text { Outlays for general capital assets } & 4,000,000 \\\hline \text { Depreciation expense on general capital assets } & 500,000 \\\hline \text { Net loss on disposal of general capital assets } & 60,000 \\\hline \text { Proceeds from the sale of general capital assets } & 200,000 \\\hline\end{array} 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

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