Prepare the reconciliation to the government wide statement of activities. Total

Question

Prepare the reconciliation to the government wide statement of activities. Total Fund Balances-Governmental Activities: 500000 Total Net Assets-Business Type Activities: 60000 Total Net Assets-Component Units: 40000 Total Net Assets-Internal Service Funds: 30000 Expenditures for General Capital Assets: 150000 Depreciation Expense recognized on general capital assets: 20000 Carrying Value of General Capital Assets abandoned: 15000 Proceeds from sale of general capital assets (50000 carry value): 60000 Proceeds of bond offering (new city hall): 100000 Repayment of general long-term liabilities (bond principal): 30000

Explanation / Answer

http://www.sao.wa.gov/EN/ClientSupport/FinancialReporting/LGS/BarsManuals/Documents/BarsManuals/GAAP_p4ch4.pdf

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