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Here Is Information on a County Government's Governmental Funds at the End

Question 113

Multiple Choice

Here is information on a county government's governmental funds at the end of the current year:
 Fund balances, governmental funds $6,000,000 Accrued interest on long-term debt 50,000 Principal of long-term debt 10,000,000 Capital assets net of accumulated depreciation 8,000,000 Net OPEB obligation 700,000 Net pension obligation 2,500,000\begin{array} { | l | r | } \hline \text { Fund balances, governmental funds } & \$ 6,000,000 \\\hline \text { Accrued interest on long-term debt } & 50,000 \\\hline \text { Principal of long-term debt } & 10,000,000 \\\hline \text { Capital assets net of accumulated depreciation } & 8,000,000 \\\hline \text { Net OPEB obligation } & 700,000 \\\hline \text { Net pension obligation } & 2,500,000 \\\hline\end{array} The net position of governmental activities, reported on the government-wide statement of net position, is:


A) $11,250,000
B) $ 750,000
C) $ 7,250,000
D) $ 5,750,000

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