The Town of Portsmouth has at the beginning of the year a $213,000 Net Position balance, and a $52,000 Fund Balance.
The following information relates to the activities within the Town of Portsmouth for the year of 2018.

-Prepare a Statement of Revenues, Expenditures and Other Changes in Fund Balances for the year ended December 31, 2018.

Question

The Town of Portsmouth has at the beginning of the year a $213,000 Net Position balance, and a $52,000 Fund Balance.
The following information relates to the activities within the Town of Portsmouth for the year of 2018.
 
-Prepare a Statement of Revenues, Expenditures and Other Changes in Fund Balances for the year ended December 31, 2018.

Quizplus · Accepted Answer

The Answer of The Town of Portsmouth has at the beginning of the year a $213,000 Net Position balance, and a $52,000 Fund Balance.
The following information relates to the activities within the Town of Portsmouth for the year of 2018.
 
-Prepare a Statement of Revenues, Expenditures and Other Changes in Fund Balances for the year ended December 31, 2018.

The Town of Portsmouth Has at the Beginning of the Year