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Struggling to find the answer to these questions. Can anyone help?
SCENARIO 1
During 2015, the Town issued bonds of $13.000.000
During 2015, the Town made principal payments on the bonds which totaled 1.000.000
What would be the impact on the government wide financial statement change in NET POSITION as compared to the fund financial statements of these transactions. Please identify the impact by use of positive or negative sign to indicated increase or decrease.
Bonds issued _____________
Principal payments ____________
The Town has purchased 2 police cars and 4 computers during fiscal year 2015. The total amount of the purchases are $170.000
Depreciation expense for the year 40.000
What would be the impact on the government wide financial statement change in NET POSITION as compared to the fund financial statements of these transactions. Please identify the impact by use of positive or negative sign to indicated increase or decrease.
Purchase of capital assets ____________
Depreciation expense ____________
Excluding items listed in the Reconciliation of Fund Balances to Net Position of Governmental Activities, what are the names of the account (s) that are different between the Statement of Net Position (Exhibit A) and the Governmental Funds Balance Sheet (Exhibit C)?
A___________________________
B________________________
C________________________
Excluding items listed in the Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balance of Governmental Funds to Statement of Activities, what accounts are different between the Statement of Activities (Exhibit B) and the Statement of Revenues, Expenditures and Changes in Fund Balance (Exhibit D)?
A___________________________
B________________________
C________________________
D_______________________
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