Boa City had the following fixed assets: Fixed Assets used in proprietary fund a

Question

Boa City had the following fixed assets:

Fixed Assets used in proprietary fund activities ................................................... $1,000,000

Fixed Assets used in general government activities ................................................9,000,000

Fixed Assets used in fiduciary fund activities ........................................................ 8,000,000

What consolidated amount should Boa report in its government-wide statement of net position?

$9,000,000

$10,000,000

$18,000,000

$17,000,000

Explanation / Answer

All the fixe assets used for above three activties are reported in Net positions of Governmental or Non-Profit Organistaions.

So the answer is $ 18,000,000 /-

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